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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/

Thousands Flocking to Invercargill Central Every Week
Thousands Flocking to Invercargill Central Every Week
Business   -   Oct 16, 2022

Invercargill Central has over 13,000 people visiting the new shopping centre every week, with several new businesses opening in recent weeks. Marketing manager Rebecca Sheppard said the opening of EB Games and The Coffee Club were both met with much great excitement, and great support from the South

Fonterra Revises Milk Collection Forecast
Fonterra Revises Milk Collection Forecast
Oct 14, 2022

Fonterra Co-operative Group Limited today revised the forecast for its 2022/23 New Zealand milk collections to 1,480 million kilograms of milk solids (kgMS), down from its previous forecast of 1,495 million kgMS. Fonterra last reduced its 2022/23 milk collections forecast in early September. Fonterr

Mal’s Out and About – What’s Goin’ On In Invers
Business   -   Oct 18, 2022 Mal’s Out and About – What’s Goin’ On In Invers

I had some time up my sleeve over the weekend so I went drives to get a few pics of what’s going on, and there is plenty. Apart from the big ticket items like The Langlands Hotel and Invercargill Central there are some interesting projects in progress or near completion. The former and very distinct

by Malcolm Gayfer
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Mal’s Out and About – What’s Goin’ On In Invers
Mal’s Out and About – What’s Goin’ On In Invers
Business   -   Oct 18, 2022

I had some time up my sleeve over the weekend so I went drives to get a few pics of what’s going on, and there is plenty. Apart from the big ticket items like The Langlands Hotel and Invercargill Central there are some interesting projects in progress or near completion. The former and very distinct

Thousands Flocking to Invercargill Central Every Week
Thousands Flocking to Invercargill Central Every Week
Business   -   Oct 16, 2022

Invercargill Central has over 13,000 people visiting the new shopping centre every week, with several new businesses opening in recent weeks. Marketing manager Rebecca Sheppard said the opening of EB Games and The Coffee Club were both met with much great excitement, and great support from the South

Fonterra Revises Milk Collection Forecast
Fonterra Revises Milk Collection Forecast
Oct 14, 2022

Fonterra Co-operative Group Limited today revised the forecast for its 2022/23 New Zealand milk collections to 1,480 million kilograms of milk solids (kgMS), down from its previous forecast of 1,495 million kgMS. Fonterra last reduced its 2022/23 milk collections forecast in early September. Fonterr

From Beauty Therapy to Coffee: New Glengarry Cafe Opens in the City
From Beauty Therapy to Coffee: New Glengarry Cafe Opens in the City
Business   -   Oct 05, 2022

Good friends Chloe Binns and Christina Downey have breathed some new life into Glengarry with their takeaway food and coffee outlet opening last week. People may remember the Kava Food Invers food truck that was situated originally at the Farmers Market and more recently in Tweed St – they still hav

Langlands Officially Open: Alan Dennis Reflects on Invercargill’s History of Hotels
Langlands Officially Open: Alan Dennis Reflects on Invercargill’s History of Hotels
Business   -   Oct 01, 2022

The Langlands Hotel was officially opened today, and ILT board president Alan Dennis formally cut the ribbon for the $52 million, 4.5 star hotel. The largest single development in ILT’s history, the hotel has 78 rooms and is seven storeys high – a real landmark feature in the city.  Alan reflected i

Southland Companies & Individuals Recognised at Export Southland Awards
Southland Companies & Individuals Recognised at Export Southland Awards
Business   -   Sep 28, 2022

The DHL Export Southland Recognition Awards were held on Friday 22 September at the Ascot Park Hotel. The Export Southland Trust hosted a record number of over 270 export businesses and their supporters at the prestigious awards dinner. Export Southland Chairman Gareth Lyness said “The awards are a

PowerNet Scoops Workplace Safety and Engineering Excellence Awards
PowerNet Scoops Workplace Safety and Engineering Excellence Awards
Business   -   Sep 25, 2022

Southern electricity distribution management company PowerNet is this year’s winner of the Electricity Engineers’ Association (EEA) Workplace Safety Award and the Engineering Excellence Award. PowerNet is an Invercargill based joint venture network management company, owned by Electricity Invercargi

Fonterra Announces FY22 Annual Results
Fonterra Announces FY22 Annual Results
Sep 22, 2022

Total Group Revenue: NZ$23.4 billion, up 11% Reported Profit After Tax: NZ$583 million, down 3% Normalised Profit After Tax: NZ$591 million, up 1% Total Group normalised EBIT: NZ$991 million, up 4% Net Debt: NZ$5.3 billion, up NZ$1 billion Normalised earnings per share: 35 cents per share, up 1 cent

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