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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/

JB Hi-Fi To Open Its Southernmost Store on Friday
JB Hi-Fi To Open Its Southernmost Store on Friday
Business   -   Jan 19, 2024

JB Hi-Fi is moving south in 2024, with its long-awaited Invercargill store set to open on 19 January.  Part of the retailer’s ambitious expansion plans, this will also be the trans-Tasman retailer’s southernmost store.  Located in Invercargill Central, the store promises an unparalleled shopping exp

Historic and Modern Blend Wins Invercargill Central a Major Lighting Award
Historic and Modern Blend Wins Invercargill Central a Major Lighting Award
Business   -   Jan 05, 2024

Invercargill Central’s exterior lighting has been recognised with the 2023 NZ Chapter Award of Commendation from IES: The Lighting Society (IESANZ). This award celebrates the unique lighting design that includes innovative solutions for each preserved architectural façade, such as the Southland Time

New Submarine Cable Project, Aims To Connect Invercargill With Sydney & Melbourne
Business   -   Jan 23, 2024 New Submarine Cable Project, Aims To Connect Invercargill With Sydney & Melbourne

In a significant move for New Zealand’s digital infrastructure, Intelia NZ has announced the Te Waipounamu submarine cable project. This groundbreaking initiative aims to link Invercargill with Sydney and Melbourne, marking a major advancement in the digital connectivity of the South Island. The cab

by Mike Sanford
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New Submarine Cable Project, Aims To Connect Invercargill With Sydney & Melbourne
New Submarine Cable Project, Aims To Connect Invercargill With Sydney & Melbourne
Business   -   Jan 23, 2024

In a significant move for New Zealand’s digital infrastructure, Intelia NZ has announced the Te Waipounamu submarine cable project. This groundbreaking initiative aims to link Invercargill with Sydney and Melbourne, marking a major advancement in the digital connectivity of the South Island. The cab

JB Hi-Fi To Open Its Southernmost Store on Friday
JB Hi-Fi To Open Its Southernmost Store on Friday
Business   -   Jan 19, 2024

JB Hi-Fi is moving south in 2024, with its long-awaited Invercargill store set to open on 19 January.  Part of the retailer’s ambitious expansion plans, this will also be the trans-Tasman retailer’s southernmost store.  Located in Invercargill Central, the store promises an unparalleled shopping exp

Historic and Modern Blend Wins Invercargill Central a Major Lighting Award
Historic and Modern Blend Wins Invercargill Central a Major Lighting Award
Business   -   Jan 05, 2024

Invercargill Central’s exterior lighting has been recognised with the 2023 NZ Chapter Award of Commendation from IES: The Lighting Society (IESANZ). This award celebrates the unique lighting design that includes innovative solutions for each preserved architectural façade, such as the Southland Time

Fonterra Lifts Forecast FY24 Earnings and Farmgate Milk Price After Strong Q1
Fonterra Lifts Forecast FY24 Earnings and Farmgate Milk Price After Strong Q1
Dec 08, 2023

Fonterra Co-operative Group Ltd, a leading dairy company, has had a promising start to the 2023/24 financial year. They’ve increased their expected price for milk, known as the Farmgate Milk Price, to an average of $7.50 per kgMS. This is a 25-cent rise from their previous estimate, now ranging betw

Independent Director Scott St John to Retire from Fonterra Board
Independent Director Scott St John to Retire from Fonterra Board
Dec 01, 2023

Fonterra Co-operative Group Ltd has today announced that after seven years as an Independent Director, Scott St John will step down from the Fonterra Board on 31 March 2024. Fonterra Chairman Peter McBride says Mr St John has made the decision in consideration of his workload and increase in governa

John Green Retires After 30 Years With H&J Smith
John Green Retires After 30 Years With H&J Smith
Business   -   Nov 22, 2023

John Green said a big part of him will be left behind when the H&J Smith department store closes its doors on Saturday afternoon. Experiencing mixed emotions when he shared with whatsoninvers.nz his final thoughts on the closure on Friday, John said H&J’s had been a part of the fabric of the communi

Alliance Meat Company Reports $70 Million Loss, No Payout for Shareholders
Alliance Meat Company Reports $70 Million Loss, No Payout for Shareholders
Nov 21, 2023

In a stark reversal of fortune, Alliance Meat Company, a cooperative with 4,500 farmer shareholders, has reported a substantial loss of $70 million for the year ended September. This result contrasts sharply with last year’s $73.6 million profit, highlighting the volatility and challenges the compan

Watch: H&J Smith Final Walk Through & Closing
Watch: H&J Smith Final Walk Through & Closing
Business   -   Nov 19, 2023

H&J Smith’s Department Store: An Emotional Goodbye An emotional farewell marked the end of an era on Saturday, as H&J Smith’s department store, an integral part of Invercargill’s retail landscape located at the junction of Esk, Kelvin, and Tay Streets, closed its doors for the last time at 3 PM. The

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