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Latest Articles 519 Articles
Over $9 Million Returned To The Community
Over $9 Million Returned To The Community
Community   -   Sep 22, 2024

* ILT has returned more than $9 million to the Invercargill community this year. * The Group faced challenges due to labour shortages, inflation, and cost-of-living pressures. * Despite a tax-related deficit, ILT’s financial position remains solid with strong community support. ILT Group held its Annual General Meeting on 16th September, revealing

Business Key To Regional Economic Dialogue
Business Key To Regional Economic Dialogue
Business   -   Sep 19, 2024

Local businesses and industries need to be front and centre in conversations about how regions plan to grow their economies, Regional Development Shane Jones says. The nationwide series of summits aims to facilitate conversations about regional economic growth and opportunities to drive productivity, prosperity and resilience through the Coalition Government’

Contact Energy and Manawa Energy Announce $2.3-billion Merger Proposal
Contact Energy and Manawa Energy Announce $2.3-billion Merger Proposal
News   -   Sep 19, 2024

* Contact Energy proposes a $2.3-billion merger, acquiring electricity generator Manawa Energy. * Manawa shareholders would own approximately 18.5 percent of Contact shares post-merger completion. * The deal is subject to Commerce Commission, High Court, and shareholder approvals. Contact Energy has announced plans to acquire fellow power company Manawa Energy in

Government to Ease Personal Liability Rules for Company Directors to Boost NZX Listings
Government to Ease Personal Liability Rules for Company Directors to Boost NZX Listings
Business   -   Sep 16, 2024

* The government aims to reduce personal liability for company directors to encourage stock listings. * cplans to simplify compliance and ease investment for mid-sized businesses. * The changes include removing financial forecast obligations and climate-related disclosure liability for directors. The government is set to reduce personal liability for company directors to encourage

Financial Reforms To Shift Responsibility To Firms, Ease Lending For Kiwis
Financial Reforms To Shift Responsibility To Firms, Ease Lending For Kiwis
Business   -   Sep 13, 2024

The New Zealand Government is moving forward with further financial reforms to make it easier for Kiwis to access finance when needed. Commerce and Consumer Affairs Minister Andrew Bayly announced the changes, highlighting their importance for both individuals and the broader economy. “Financial ser

Briscoes Group Reports Record Half-Year Sales Despite Challenging Retail Climate
Briscoes Group Reports Record Half-Year Sales Despite Challenging Retail Climate
Business   -   Sep 10, 2024

Briscoes Group, the operator of Briscoes homeware and Rebel Sport stores, has reported record half-year sales despite a challenging retail environment. In a statement to the NZX, the group announced sales of $372.1 million for the 26-week period ending July 28, 2024, a 0.77% increase from $369.2 mil

Malloch McClean Partners with +MORE for Enhanced Client Services
Malloch McClean Partners with +MORE for Enhanced Client Services
Business   -   Sep 09, 2024

Business News presented by Malloch McClean has added +MORE to its company and is now part of a national network of accounting and advisory firms. A trusted named in Southland since 1933, and with branches in both Invercargill and Gore, the strategic move was designed to enhance the company’s service

Government Unveils Reforms to Modernise Business Laws in New Zealand
Government Unveils Reforms to Modernise Business Laws in New Zealand
Business   -   Sep 09, 2024

A series of reforms aimed at modernising and simplifying New Zealand’s company law will make it easier and safer to do business, according to Commerce and Consumer Affairs Minister Andrew Bayly. “To rebuild the economy and increase the value of our exports, we need to ensure our companies are not ha

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