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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/

SBS Bank’s Full-year Result Shows Strong Performance In Its 150th Year
SBS Bank’s Full-year Result Shows Strong Performance In Its 150th Year
Jun 07, 2019

Continued growth in the core residential lending and a strong performance in its consumer finance subsidiary has boosted SBS Bank Group’s financial results, with a 15.5% increase in operating surplus for the year ending 31 March 2019. SBS Bank chairman John Ward said with SBS Bank marking its 150th

Tiwai Point Smelter Made Net Profit Of $207m Last Year Compared With $18m Loss The Year Before
Tiwai Point Smelter Made Net Profit Of $207m Last Year Compared With $18m Loss The Year Before
Business   -   Jun 06, 2019

The Tiwai Point aluminium smelter has posted an increased bottom line result, although underlying profits have fallen in the face of volatile prices and power costs. The Tiwai Point smelter near Bluff. New Zealand Aluminium Smelters (NZAS) made a net profit of $207 million in the 12 months to Decemb

Chamber of Commerce CEO Warns Inner City Redevelopment Alternative “not an option”
Jun 11, 2019 Chamber of Commerce CEO Warns Inner City Redevelopment Alternative “not an option”

What’s On Invers Business Hub News Presented by The Invercargill City Council has opened public consultation as to whether it should commit $30 million of investment to the HWCP inner-city redevelopment project but Southland Chamber of Commerce CEO Sheree Carey said the alternative was not an option

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Chamber of Commerce CEO Warns Inner City Redevelopment Alternative “not an option”
Chamber of Commerce CEO Warns Inner City Redevelopment Alternative “not an option”
Jun 11, 2019

What’s On Invers Business Hub News Presented by The Invercargill City Council has opened public consultation as to whether it should commit $30 million of investment to the HWCP inner-city redevelopment project but Southland Chamber of Commerce CEO Sheree Carey said the alternative was not an option

SBS Bank’s Full-year Result Shows Strong Performance In Its 150th Year
SBS Bank’s Full-year Result Shows Strong Performance In Its 150th Year
Jun 07, 2019

Continued growth in the core residential lending and a strong performance in its consumer finance subsidiary has boosted SBS Bank Group’s financial results, with a 15.5% increase in operating surplus for the year ending 31 March 2019. SBS Bank chairman John Ward said with SBS Bank marking its 150th

Tiwai Point Smelter Made Net Profit Of $207m Last Year Compared With $18m Loss The Year Before
Tiwai Point Smelter Made Net Profit Of $207m Last Year Compared With $18m Loss The Year Before
Business   -   Jun 06, 2019

The Tiwai Point aluminium smelter has posted an increased bottom line result, although underlying profits have fallen in the face of volatile prices and power costs. The Tiwai Point smelter near Bluff. New Zealand Aluminium Smelters (NZAS) made a net profit of $207 million in the 12 months to Decemb

Michelle Henderson Wins Prestigious Health and Safety Leadership Award
Michelle Henderson Wins Prestigious Health and Safety Leadership Award
May 31, 2019

PowerNet Chief Operating Officer Michelle Henderson won the Safeguard Business Leaders Health and Safety Forum – Leader of the Year Award at Tuesday nights (28th May) New Zealand Workplace Health and Safety Awards held in Auckland. Henderson won the award for developing the innovative ‘Coaching by K

Public Meeting Show Of Hands 80/20 Support Council Investment In City Redevelopment
Public Meeting Show Of Hands 80/20 Support Council Investment In City Redevelopment
May 21, 2019

On Monday (May 20th) evening a packed Victoria rooms at Invercargill Civic Theatre hosted a public meeting held by Invercargill City Council to discuss the investment by ICC of up to $30 million ($20M + $10M contingency for any over runs) in the planned $180M redevelopment of the centre city block o

Opinion: Supporting Our Retailers Throughout Changes To Our City
Opinion: Supporting Our Retailers Throughout Changes To Our City
Business   -   May 20, 2019

Opinion: The consent hearing period for HWCP’s inner-city redevelopment has just closed but there is still work to be done. It may seem like a time where we take a step back and wait for an outcome, but it is in fact the opposite. Like so many, the Chamber is waiting with anticipation to see […]

ILT Commits To $7.5m Reinvestment In Portfolio
ILT Commits To $7.5m Reinvestment In Portfolio
Business   -   May 15, 2019

ILT plans to inject $7.5 million into its portfolio of commercial properties over the next 12 months. ILT board members recently approved the substantial capital and project maintenance budget for the 2019-2020 financial year. Chairman Alan Dennis said reinvesting in its existing businesses was a lo

Vodafone NZ Sold To Private Investors For $3.4b
Vodafone NZ Sold To Private Investors For $3.4b
Business   -   May 14, 2019

Infrastructure investor Infratil is teaming up with a Canadian investment firm to buy the local operations of Vodafone for $3.4 billion. Vodafone’s British parent confirmed the sale to a consortium of Infratil and Brookfield Asset Management Photo: 123rf.com Vodafone’s British parent confirmed today

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