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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/

Fonterra Announces Loss Of $196 Million
Fonterra Announces Loss Of $196 Million
Sep 13, 2018

Today Fonterra announces its FY18 annual results, the plan to improve its business performance and the outlook for FY19. The Co-operative reports a Net Loss After Tax of $196 million. Normalised EBIT was $902 million, down 22%, the Co-operative’s gearing ratio was up from 44.3% last year to 48.4% an

Events To Focus On The Future Of Work In Southland
Events To Focus On The Future Of Work In Southland
Business   -   Sep 04, 2018

Venture Southland is hosting three events this month focusing on the future of work. Preparing for an ageing workforce and adapting to changes in immigration policy are two of the major challenges currently facing Southland businesses. To address these challenges, the three free events will focus on

Former Southland Communications Officer Wins New Zealand Executive Assistant Of The Year
Sep 20, 2018 Former Southland Communications Officer Wins New Zealand Executive Assistant Of The Year

Winner of the New Zealand executive assistant (EA) of the year award Nyia Strachan may come from one of New Zealand’s smallest cities but she would still be the best EA if she worked in Auckland, her boss Alpine Energy chief executive Andrew Tombs says. Strachan was named the best NZ executive assis

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Former Southland Communications Officer Wins New Zealand Executive Assistant Of The Year
Former Southland Communications Officer Wins New Zealand Executive Assistant Of The Year
Sep 20, 2018

Winner of the New Zealand executive assistant (EA) of the year award Nyia Strachan may come from one of New Zealand’s smallest cities but she would still be the best EA if she worked in Auckland, her boss Alpine Energy chief executive Andrew Tombs says. Strachan was named the best NZ executive assis

Fonterra Announces Loss Of $196 Million
Fonterra Announces Loss Of $196 Million
Sep 13, 2018

Today Fonterra announces its FY18 annual results, the plan to improve its business performance and the outlook for FY19. The Co-operative reports a Net Loss After Tax of $196 million. Normalised EBIT was $902 million, down 22%, the Co-operative’s gearing ratio was up from 44.3% last year to 48.4% an

Events To Focus On The Future Of Work In Southland
Events To Focus On The Future Of Work In Southland
Business   -   Sep 04, 2018

Venture Southland is hosting three events this month focusing on the future of work. Preparing for an ageing workforce and adapting to changes in immigration policy are two of the major challenges currently facing Southland businesses. To address these challenges, the three free events will focus on

New Corporate Branding Unveiled For Alliance Ahead Of Roadshow
New Corporate Branding Unveiled For Alliance Ahead Of Roadshow
Sep 03, 2018

Alliance Group is marking the next stage in its transition into a food and solutions company with the launch of a new corporate identity ahead of the co-operative’s annual farmer roadshow. While the name does not change, the new branding focuses on the strong connection that Alliance Group, New Zeal

Southern Entrepreneurs Getting Boost Through Business Accelerator
Southern Entrepreneurs Getting Boost Through Business Accelerator
Aug 30, 2018

An ethos of “entrepreneurs everywhere” is driving the Southland Business Accelerator with about 25 startups taking on the 12-week programme to date. The programme works with startups and entrepreneurs, giving them the tools and resources they need to succeed in Southland’s business climate. It is ru

From Darfield to Dongguan – Fonterra Dials Up Value Add
From Darfield to Dongguan – Fonterra Dials Up Value Add
Business   -   Aug 27, 2018

Fonterra’s new cream cheese plant in Canterbury has started production and is set to manufacture up to 24,000 metric tonnes of cream cheese annually, bound for China. China’s changing demographics have driven a surge in popularity for Western foods. The 20kg blocks of cream cheese from Darfield will

Bulk Cargo Growth Drives South Port Ahead
Bulk Cargo Growth Drives South Port Ahead
Business   -   Aug 26, 2018

South Port New Zealand Ltd’s reported after-tax profit for the June 2018 year is $9.66M, up 14% on last year’s result of $8.45M. South Port Chairman, Mr Rex Chapman said, “this is an excellent result for the Port, underpinned by a 13% increase in cargo flows.” Total cargo volume through Bluff set a

Air NZ Profit Up As Passenger Numbers Rise
Air NZ Profit Up As Passenger Numbers Rise
Business   -   Aug 23, 2018

Air New Zealand is to pay some staff a bonus of $1800 each and invest in new digital technology and better lounges after announcing a near-record profit. Air NZ plane tailPhoto: 123RF Among its announcements today, Air New Zealand said it would set aside around $150 million over the next few years t

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