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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/

ILT Still Finds Money For Community Grants
ILT Still Finds Money For Community Grants
Business   -   Oct 31, 2020

It might have been a tough year for the Invercargill Licensing Trust (ILT), but there was still money to give out to the community. The year-to-date operating sales for the ILT were significantly down by $7.9 million as a result of Covid-19 (18.1%) – it was stated by the chief executive in his repor

Lewis Road Creamery Sold To NZ Investment Fund
Lewis Road Creamery Sold To NZ Investment Fund
Oct 20, 2020

Southern Pastures, the country’s biggest farmland investment fund, has bought the dairy brand Lewis Road Creamery for an undisclosed sum. At the same time Lewis Road’s founder and chief executive Peter Cullinane has announced he would step down from his roles at the company. “It’s been an incredible

Aparima College Student Wins Southland Young Enterprise of the Year Awards
Business   -   Nov 05, 2020 Aparima College Student Wins Southland Young Enterprise of the Year Awards

Aparima College student Dom Riddle has taken out first prize in the Southland Young Enterprise of the Year Awards, among a collection of other achievements. Celebrating innovation and entrepreneurship, the YES Awards are the culmination of a year long competition, which challenges participating scho

by Mike Sanford
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Aparima College Student Wins Southland Young Enterprise of the Year Awards
Aparima College Student Wins Southland Young Enterprise of the Year Awards
Business   -   Nov 05, 2020

Aparima College student Dom Riddle has taken out first prize in the Southland Young Enterprise of the Year Awards, among a collection of other achievements. Celebrating innovation and entrepreneurship, the YES Awards are the culmination of a year long competition, which challenges participating scho

ILT Still Finds Money For Community Grants
ILT Still Finds Money For Community Grants
Business   -   Oct 31, 2020

It might have been a tough year for the Invercargill Licensing Trust (ILT), but there was still money to give out to the community. The year-to-date operating sales for the ILT were significantly down by $7.9 million as a result of Covid-19 (18.1%) – it was stated by the chief executive in his repor

Lewis Road Creamery Sold To NZ Investment Fund
Lewis Road Creamery Sold To NZ Investment Fund
Oct 20, 2020

Southern Pastures, the country’s biggest farmland investment fund, has bought the dairy brand Lewis Road Creamery for an undisclosed sum. At the same time Lewis Road’s founder and chief executive Peter Cullinane has announced he would step down from his roles at the company. “It’s been an incredible

The Warehouse Group Annual Result Announced – $44.5m Profit
The Warehouse Group Annual Result Announced – $44.5m Profit
Business   -   Oct 16, 2020

The Warehouse Group today announced its audited result for the full year ended 2 August 2020. As announced in the preliminary unaudited release on 8 October, the Group delivered sales of $3.2 billion, up 3.3% on FY19 or 1.5% when adjusting for FY20 being a 53-week year, compared to 52 weeks in FY19.

Invercargill Skip Company Cleaning Up
Invercargill Skip Company Cleaning Up
Business   -   Oct 06, 2020

When Southland man Dan Butterfield was renovating his house in 2015, he struggled to hire skips to deal with tonnes of construction waste. He thought there should be an easier way to do this – but at this time didn’t have the solution. In 2017, Butterfield was watching the Invercargill truck parade

Southland Export Awards Dinner, Tickets Now On Sale
Southland Export Awards Dinner, Tickets Now On Sale
Business   -   Oct 04, 2020

Tickets are now on sale for the 2020 Southland Export Trust Grant HSBC Gala Awards Dinner in November. Replacing the biennial Export Recognition Awards, the gala awards offers the exporting industry a chance to acknowledge the values of the industry. Southland Chamber of Commerce marketing and event

New Directors For Great South – Southland’s Regional Development Agency
New Directors For Great South – Southland’s Regional Development Agency
Sep 25, 2020

Four new directors are set to join Great South, Southland’s Regional Development Agency, and help lead the region’s recovery and future growth. Peter Heenan, Rachel Lindsay, Jeff Grant and Jason Franklin have been appointed and will begin their roles as directors at the upcoming AGM for the organisa

Fonterra Posts $659m Full Year Profit
Fonterra Posts $659m Full Year Profit
Sep 21, 2020

Fonterra has posted a profit of $659 million as restructuring, improved sales and margins helped it recover from the previous year’s massive loss. The profit to the end of July compared with a $605m loss the year before, as the co-operative wrote down the value of assets and took other hits worth $8

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