AGP Executive Report
Last update: 10 hours agoMainfreight: First-half profit rose 66% to $155.4 million, as stronger trading in New Zealand and Australia lifted results. Xero: Profit fell sharply to $18.6 million, but the software firm raised its outlook and announced a A$1 billion share buyback. Retail: David Jones will close its Newmarket store, its only New Zealand outlet, as administrators shut 19 stores across Australia and New Zealand. Workplace: More than 300 Warehouse distribution-centre workers are striking over job security amid new technology, while the company rejects claims that AI tracks toilet breaks. Banking: The proposed TSB–Heartland merger has been delayed as the Reserve Bank scrutinises the deal and requires TSB’s financials to be externally reviewed. Westpac may also restrict lending on some flood- and slip-prone homes. Migration: New Zealand recorded a monthly net migration gain of 3,500 in September, while the annual net loss of citizens narrowed as departures eased.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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