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Corporate

Your search for "Corporate" found 50 results


Flight Centre NZ suffers $39m loss, reduces to a third of pre-Covid size
10 Nov 2020   /

Flight Centre NZ suffers $39m loss, reduces to a third of pre-Covid size

MD David Coombes says the travel agent has made heavy cuts to its Kiwi staff and stores.


Serko raises $20m in oversubscribed offer
28 Oct 2020   /

Serko raises $20m in oversubscribed offer

Online travel booking and expense management company Serko says its $10m share purchase plan has closed oversubscribed with applications totalling approximately $25m.


Report reveals extent of Helloworld restructuring
20 Oct 2020   /

Report reveals extent of Helloworld restructuring

Major staff restructures, wage subsidies, hiring freezes and a reduction in director salaries were amongst the ways Hellworld cut costs as it responded to the Covid-19 crisis.


Serko raises $47m in placement
6 Oct 2020  

Serko raises $47m in placement

Online travel booking and expense management company Serko has raised $47.51m in a share placement.


Serko seeks up to $55m in new equity
2 Oct 2020   /

Serko seeks up to $55m in new equity

Online travel booking and expense management company Serko is seeking new equity of up to $55m.


Air NZ weighs cash burn, market conditions in capital raise
30 Sep 2020   /

Air NZ weighs cash burn, market conditions in capital raise

The company is burning through $65m-$85m of cash per month, shareholders hear at the airline’s AGM.


CIAL profit, revenue, passenger numbers fall in FY20
28 Sep 2020   /

CIAL profit, revenue, passenger numbers fall in FY20

However, NZ remains “a highly desirable and attractive destination”, says the airport operator.


Refinancing and Sky Waka visitors help RAL face Covid challenge
23 Sep 2020   /

Refinancing and Sky Waka visitors help RAL face Covid challenge

An increase in Sky Waka Gondola sightseeing guests was a saving grace for Ruapehu Alpine Lifts in a difficult ski season.


THL lauds ‘admirable achievement’ in profit despite Covid
18 Sep 2020   /

THL lauds ‘admirable achievement’ in profit despite Covid

But FY20 profit and revenue are down and Govt support is helping to keep its Waitomo business open.


Magic Memories raises $25m, targets June 2022 for full recovery
18 Sep 2020  

Magic Memories raises $25m, targets June 2022 for full recovery

“We’re looking to bring ourselves back over a pretty tricky last 100 days and let the industry know we are winning,” executive director and founder John Wikstrom told the Ticker.


Tourism Holdings guides better-than-expected FY20 profit
15 Sep 2020   /

Tourism Holdings guides better-than-expected FY20 profit

The company says its underlying net profit for the period will be about $20m.


Apollo to close NZ factory, manufacture RVs offshore
14 Sep 2020   /

Apollo to close NZ factory, manufacture RVs offshore

Apollo Tourism & Leisure is permanently closing its motorhome manufacturing factory in Auckland.


SkyCity FY20 income boosted by NZICC insurance
3 Sep 2020   /

SkyCity FY20 income boosted by NZICC insurance

The company received $337m in insurance to cover the repair bill for the NZICC blaze.


TIA income, membership dips as Covid hits tourism
2 Sep 2020   /

TIA income, membership dips as Covid hits tourism

The final quarter of FY20 saw the association “turn full focus to the pandemic” as the industry came to a standstill.


EVENT closes nearly half of Rydges hotel, writes down $6m
1 Sep 2020   /

EVENT closes nearly half of Rydges hotel, writes down $6m

The temporary closure of dozens of hotel rooms has become indefinite.


Experience Co’s NZ operations suffer, one jump site mothballed
28 Aug 2020   /

Experience Co’s NZ operations suffer, one jump site mothballed

Revenue from the operator’s NZ jump sites has been hit hard by the pandemic.


“Green shoots” but international travel needed – Air NZ
28 Aug 2020   /

“Green shoots” but international travel needed – Air NZ

Despite “incredible” domestic demand and more cargo, borders need to open for the airline to fully recover.


Opportunities in domestic NZ market – Flight Centre
28 Aug 2020   /

Opportunities in domestic NZ market – Flight Centre

Australian-based international travel giant Flight Centre says it has laid off 70% of its 22,000 workforce globally and has posted a A$662m bottom line loss.


Covid-19 a huge blow with “heartbreaking” impacts – Air NZ
27 Aug 2020   /

Covid-19 a huge blow with “heartbreaking” impacts – Air NZ

The pandemic is the most financially threatening event aviation and tourism have faced, says CEO Greg Foran.


Air NZ announces bottom line loss of $454m
27 Aug 2020   /

Air NZ announces bottom line loss of $454m

The airline has announced one of the biggest losses in its history due to Covid-19 restrictions.


NZ revenue falls 39% to $20m – Webjet
26 Aug 2020   /

NZ revenue falls 39% to $20m – Webjet

New Zealand revenue contributions to ASX-listed Webjet fell in the year ended June by 39% to $20m as the effects of Covid-19 came into play.


Missing cruise ships add to Port Napier earnings decline
26 Aug 2020   /

Missing cruise ships add to Port Napier earnings decline

Loss of cruise ship visits contributed to a decline in FY20 earnings, says Port Napier.


Auckland Airport approves staff share scheme
24 Aug 2020   /

Auckland Airport approves staff share scheme

Auckland International Airport employees will have the chance to buy into the company after the board approved a share purchase plan.


Queenstown Airport defies pandemic to post profit increase
21 Aug 2020   /

Queenstown Airport defies pandemic to post profit increase

A bumper first half and swift action to cut costs and pause capex saw Queenstown Airport Corporation post an 8% increase in profit in its full year results.


Littlewood: We’re preparing for a trans-Tasman and Pacific bubble
21 Aug 2020   /

Littlewood: We’re preparing for a trans-Tasman and Pacific bubble

But exactly when NZ’s borders will open fully to international travel was still anyone’s guess, says the CEO.


NZICC insurance sees SkyCity revise earnings
21 Aug 2020   /

NZICC insurance sees SkyCity revise earnings

SkyCity Entertainment Group has revised its expected earnings results for the year ended 30 June 2020 and says it will be “outside” previous forecasts.


Auckland Airport suspends dividends as profit plummets
20 Aug 2020   /

Auckland Airport suspends dividends as profit plummets

It has been the most challenging period it has ever faced, says the company.


Christchurch Airport suspends dividends, secures $155m debt
20 Aug 2020   /

Christchurch Airport suspends dividends, secures $155m debt

Christchurch Airport will suspend dividend payments until it complies with renegotiated bank covenants.


Augusta to delist from NZX following takeover
18 Aug 2020   /

Augusta to delist from NZX following takeover

Trading in Augusta’s shares would be suspended after the close of market on 19 August.


Centuria closes in on Augusta takeover
10 Aug 2020  

Centuria closes in on Augusta takeover

Australian company Centuria has more than 94% of acceptances in NZX-listed property syndicator Augusta and will compulsorily acquire remaining shares.


Wellington Airport shifts margin range on $75m bond issue
7 Aug 2020   /

Wellington Airport shifts margin range on $75m bond issue

Wellington International Airport has revised the indicative issue margin range of its $75m six-year unsecured, unsubordinated, fixed-rate bonds to institutional and retail investors.


Covid-19 drags Skyline’s unbroken revenue growth
5 Aug 2020   /

Covid-19 drags Skyline’s unbroken revenue growth

Covid-19 has marked a break in revenue growth for Queenstown-based Skyline Enterprises after a decade of solid gains.


Tourism Holdings on the problem with the domestic market
3 Aug 2020   /

Tourism Holdings on the problem with the domestic market

Domestic business was often clustered around school holidays and local bookings were 60% shorter in duration than international bookings.


Wellington Airport launches retail bond offer
3 Aug 2020   /

Wellington Airport launches retail bond offer

Wellington International Airport Limited is offering up to $75m of 6-year unsecured, unsubordinated, fixed rate bonds.


“Grim” outlook for NZ market – M&C Hotels
30 Jul 2020   /

“Grim” outlook for NZ market – M&C Hotels

The hotel group says in its interim results that it does not believe it has seen the full impact of the Covid-19 crisis.


Wellington Airport $75m bond offer to repay earlier issue
29 Jul 2020   /

Wellington Airport $75m bond offer to repay earlier issue

Wellington International Airport’s bond offer of up to $75m will be used to repay $75m of bonds due to mature in May 2021.


Wellington Airport preps $100m bond offer
28 Jul 2020   /

Wellington Airport preps $100m bond offer

Wellington International Airport is making a bond offer of up to $75m with the ability to accept oversubscriptions of up to $25m.


Skyline property drop drives pre-Covid profit down 67%
21 Jul 2020  

Skyline property drop drives pre-Covid profit down 67%

The operator’s Queenstown and Rotorua attractions have applied for STAPP support.


Augusta directors recommend Centuria offer
14 Jul 2020   /

Augusta directors recommend Centuria offer

Augusta Capital’s directors are recommending shareholders accept Australian-listed Centuria Capital’s offer to purchase the investment company.


Centuria’s Augusta takeover goes unconditional
10 Jul 2020   /

Centuria’s Augusta takeover goes unconditional

Australian-listed Centuria Capital’s renewed takeover offer for New Zealand investment vehicle Augusta Capital has gone unconditional after gaining acceptance of 65% of shares.


SkyCity’s $50m retail share offer undersubscribed
9 Jul 2020   /

SkyCity’s $50m retail share offer undersubscribed

SkyCity Entertainment Group’s $50m retail share offer is falling back on underwriters to get over the line.


Auckland Airport cuts 25% of staff, profit expectations tumble
1 Jul 2020   /

Auckland Airport cuts 25% of staff, profit expectations tumble

Auckland Airport has carried out a swathe of cost cutting as it reports an expected slump in after-tax profit.


Augusta: $27m loss due mainly to undeveloped hotels
29 Jun 2020   /

Augusta: $27m loss due mainly to undeveloped hotels

Augusta Capital’s annual net loss of $27m was mainly driven by write downs in the value of two tourism properties.


THL guides FY20 profit fall of up to 37%
26 Jun 2020   /

THL guides FY20 profit fall of up to 37%

The operator says it has secured a $225m debt facility with its existing bankers.


Serko posts loss after suffering 90% fall in March bookings
24 Jun 2020  

Serko posts loss after suffering 90% fall in March bookings

Tourism booking levels were down 90% compared on March compared with the same month a year ago, booking software company Serko has reported.


SkyCity $180m placement fully subscribed
19 Jun 2020  

SkyCity $180m placement fully subscribed

SkyCity Entertainment Group has completed its $180m institutional placement.


Air NZ forecasts FY20 $120m underlying loss
19 Jun 2020   /

Air NZ forecasts FY20 $120m underlying loss

The airline will also incur restructuring costs of between $140m and $160m.


SkyCity seeks $390m in equity, debt raise
18 Jun 2020   /

SkyCity seeks $390m in equity, debt raise

The company wants to bolster its balance sheet to help cope with the impacts of Covid-19.


Top executives resign from Tourism Holdings
17 Jun 2020   /

Top executives resign from Tourism Holdings

The resignations are the latest high-profile departures from the country’s beleaguered tourism industry.


Centuria renews takeover bid for Augusta
16 Jun 2020  

Centuria renews takeover bid for Augusta

NZX-listed Augusta Capital is again the target of a takeover, with Australian company Centuria renewing an earlier bid.