Business

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

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

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

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

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

Several big chain retailers are interested in moving South to establish their businesses in the old Farmers building – but no tenants have been confirmed yet. Rumours have been going around town that JB-HiFi and Chemist Warehouse are moving into the department store, but building owner Gaire Thompso

Fonterra Co-operative Group Limited today announced it has revised its 2023 forecast earnings guidance to 45 to 60 cents per share, up from 30 to 45 cents per share. It has also revised its forecast milk collections for the 2022/23 season down from 1,510 million kgMS to 1,495 million kgMS. Fonterra

South Port New Zealand’s diversified trade mix has secured an improved annual result for the operator of the Bluff Port in Southland, despite supply chain disruption to containerised trade and an ongoing fluctuation in the log trade. Total operating revenue from Port services has increased by 2.7% t