IAG is proposing to shut its 53 AMI stores and its remaining State store, and move its 350 staff to digital and contact centre roles. About 65 management positions could also be disestablished, however the company said it hoped to redeploy as many staff as possible. IAG spokesperson Kevin Hughes sai

Forty years ago Elizabeth Morris wanted a small tunnel house for her garden. Her husband Gordon went about making one for her. Fast forward to 2020 and the couple have now sold more than 10,000 of them. Not bad for the keen gardeners from Otatara. Son Allister and wife Leanne now run Morrifield Tunn

H&J Smith today confirmed it will close its Dunedin department store on 30 January 2021, as well as the Armoury Store which operates in the Wall St precinct. Earlier this month, the company confirmed the closure of its Te Anau and Balclutha stores, the downsizing of its Gore store and the closure of

Air New Zealand has told the NZ sharemarket that it expects an underlying loss of up to $120 million for the financial year to 30 June. Air New Zealand planes parked up at Auckland Airport during the Covid-19 pandemic.Air In an update on its earnings expectations, the company said the recent move to

If you’ve ever thought about starting your own business or have a great idea but are not sure where to start, then COIN South has the answer for you. Applications are open this week for the brand-new COIN South Start It course. It’s free and open to anyone with a great idea who wants to […]

Parts of New Zealand might soon struggle to find tomatoes in winter. Much of the South Island’s supply is grown in glasshouses heated by coal-fired burners, while gas-fired burners, diesel units or geothermal power is used mainly by North Island growers. Some South Island growers said they faced obl

ANZ Bank has found a buyer for its industrial and business finance lender UDC. Japan’s Shinsei Bank is to buy UDC for $762 million, after an original deal to sell it to China’s HNA Group for $660m was knocked back by the Overseas Investment Office in 2018. ANZ had also toyed with floating UDC in […]

The monthly value of New Zealand red meat and co-product exports for April was largely unchanged from the same month last year despite COVID-19, according to an analysis by the Meat Industry Association (MIA). New Zealand exported $859 million of lamb, mutton, beef and co-products in the month of Ap