Business

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

More than 200 people have had their say on the proposed extra investment in the City Block project, with 10 days left to make a submission. Invercargill City Council is currently consulting the community about whether it should invest an additional $16 million and repurpose $5 million originally all

Over the years, Malloch McClean have been working closely with the Regional Business Partner Network (RBP) and recently the Government allocated additional funding to the network to support New Zealand businesses during the Covid-19 pandemic. Along with Malloch McClean’s vast range of services alrea

After 120 years in business, H&J Smith is planning to close or downsize all of its stores other than its flagship Invercargill department store. Under the proposal, its H&J’s stores in Dunedin, Mosgiel, Balclutha and Te Anau would all close, while H&J Smith in Gore would reduce in size, and the Take

Stuff chief executive Sinead Boucher has purchased Stuff from its Australian owners Nine Entertainment for $1. The chief executive was returning the company to New Zealand ownership, with the sale is expected to be completed by 31 May. “Our plan is to transition the ownership of Stuff to give staff

Millions of litres of beer are being tipped down the drain in Australia as huge quantities of the liquid gold goes off in kegs. It is news no beer lover wants to hear, but with pubs and clubs closed due to coronavirus restrictions and most not due to reopen to large numbers any time soon, […]

Air New Zealand has turned its Dreamliner into a cargo carrier. The airline said it would fly the Boeing 787-9 jet between Christchurch and Auckland three times a week to take cargo from the South Island to international markets. The announcement comes weeks after the airline announced it was ground