AGP Executive Report
Last update: 38 minutes agoTelco turnaround: 2degrees says it has returned to pre-tax profit for the 2026 year, reporting $27.4m profit before tax and $1.46b revenue as its Vocus integration is now complete. Fuel costs: Petrol and diesel have jumped about 50c a litre over the past month, with 91 petrol hitting $4.15 on Waiheke—an “outlier” blamed on freight costs. Cyber security: NZ police and the National Cyber Security Centre say a North Korean operative used a fake identity to get hired as a remote IT contractor, using a local recruit to run a company laptop and then threatening to release sensitive info. Charity court fight: Te Kupenga Net Trust has appealed its deregistration after being removed from the Charities Register, saying it continues to operate lawfully while the legal process runs. Local business pressure: Reports say Woolworths is consulting on moving its NZ customer contact work to Sydney, with a decision expected next week. Aviation incident: Air NZ ATR72 engine fire report details an evacuation after an engine blade failure and oil flow—fatigue cracking was involved. Community planning: Whakatāne and Hurunui councils progress draft plans for rural growth areas, including Awakeri’s expansion and Amberley’s master plan.
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