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Business

Business news is presented by

A message from our sponsor: At Malloch McClean +MORE we're more than great accountants. For over 90 years, we have been helping New Zealanders build enduring wealth through successful business. Our experienced team can help you grow all areas of your business and will challenge you to succeed. Talk to us today and find out how we can help you build a smarter, better business. Contact Phone: 214 4166 Website: https://www.mmca.co.nz/

Shakeup Proposed for NZ Banking Sector to Spur Innovation and Consumer Choice
Shakeup Proposed for NZ Banking Sector to Spur Innovation and Consumer Choice
Business   -   Mar 25, 2024

A major investigation into New Zealand’s personal banking by the Commerce Commission has found that the big banks are not competing enough, which is bad for customers. The study showed that the big four banks – ANZ, ASB, BNZ, and Westpac – are making lots of profit but aren’t innovating or investing

Fonterra – Strong Profit and Dividend for FY24 Interim Results 
Fonterra – Strong Profit and Dividend for FY24 Interim Results 
Business   -   Mar 23, 2024

Fonterra Co-operative Group Ltd today released its FY24 interim results which show a continuation of strong earnings performance. CEO Miles Hurrell says the Co-op’s performance has been driven by higher margins and sales volumes across Fonterra’s diversified product and category mix. “I’m pleased to

Iconic Breakfast Shakeup: Sanitarium Phasing Out Honey Puffs Among Other Beloved Kiwi Cereals
Business   -   Mar 26, 2024 Iconic Breakfast Shakeup: Sanitarium Phasing Out Honey Puffs Among Other Beloved Kiwi Cereals

Sanitarium is planning to stop making several of its cereal products by June 2025. The list of cereals being discontinued includes household names such as Sanitarium Muesli, Granola, Light ‘n’ Tasty, Honey Puffs, Weeties, Weet-Bix Clusters, Cluster Crisp, and Puffed Wheat. The company’s goal is to n

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Iconic Breakfast Shakeup: Sanitarium Phasing Out Honey Puffs Among Other Beloved Kiwi Cereals
Iconic Breakfast Shakeup: Sanitarium Phasing Out Honey Puffs Among Other Beloved Kiwi Cereals
Business   -   Mar 26, 2024

Sanitarium is planning to stop making several of its cereal products by June 2025. The list of cereals being discontinued includes household names such as Sanitarium Muesli, Granola, Light ‘n’ Tasty, Honey Puffs, Weeties, Weet-Bix Clusters, Cluster Crisp, and Puffed Wheat. The company’s goal is to n

Shakeup Proposed for NZ Banking Sector to Spur Innovation and Consumer Choice
Shakeup Proposed for NZ Banking Sector to Spur Innovation and Consumer Choice
Business   -   Mar 25, 2024

A major investigation into New Zealand’s personal banking by the Commerce Commission has found that the big banks are not competing enough, which is bad for customers. The study showed that the big four banks – ANZ, ASB, BNZ, and Westpac – are making lots of profit but aren’t innovating or investing

Fonterra – Strong Profit and Dividend for FY24 Interim Results 
Fonterra – Strong Profit and Dividend for FY24 Interim Results 
Business   -   Mar 23, 2024

Fonterra Co-operative Group Ltd today released its FY24 interim results which show a continuation of strong earnings performance. CEO Miles Hurrell says the Co-op’s performance has been driven by higher margins and sales volumes across Fonterra’s diversified product and category mix. “I’m pleased to

Gin Distillery An Extension Of The Southern Pioneers Food Hub
Gin Distillery An Extension Of The Southern Pioneers Food Hub
Business   -   Mar 19, 2024

It started with a group of like minded people sitting around a table testing chocolate and gin. The Southern Pioneers Food Hub was a helpful tool that turned one dream into reality. Bluff Distillery Company founder Jane Stanton was proud as punch at the official opening on Friday, sharing her vision

Ballantynes: A Taste Of Christchurch In The South
Ballantynes: A Taste Of Christchurch In The South
Business   -   Mar 04, 2024

Small but mighty Ballantynes department store has opened in the South as its fourth retail store for the company in New Zealand. The Ballantynes Select store includes a range of curated fashion, accessories and gifts from its flagship Christchurch store into downtown Invercargill. The Select range i

T4 Group Strengthens Its Data Centre Network with Strategic Acquisition
T4 Group Strengthens Its Data Centre Network with Strategic Acquisition
Business   -   Mar 04, 2024

T4 Group, a leader in co-location Data Centre operations in New Zealand, is thrilled to announce a significant milestone in its growth. The company has acquired Data Centre assets from Kyndryl, the world’s leading IT infrastructure services provider. This strategic acquisition underscores T4 Group’s

Warner Bros/Discovery Announces Closure of Newshub Operations in New Zealand
Warner Bros/Discovery Announces Closure of Newshub Operations in New Zealand
Business   -   Mar 01, 2024

Warner Bros. Discovery is to close Newshub in New Zealand by June 30 due to significant financial challenges and an adverse market environment. Warner Bros. Discovery has made the difficult decision to shut down all operations of Newshub, its news division in New Zealand, by June 30, due to a signif

Southland Delegation Explores Hydrogen Energy Prospects in Australia
Southland Delegation Explores Hydrogen Energy Prospects in Australia
Business   -   Feb 26, 2024

A contingent from Southland has embarked on a mission to Australia, aiming to explore the burgeoning potential of hydrogen energy for their region. The group, consisting of five key figures, participated in the two-day Hunter New Energy Symposium in the Hunter Valley, an event renowned for congregat

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