Business

Fonterra Co-operative Group Limited (FCG) Chairman John Monaghan has confirmed that he will retire as a Director of the Co-operative when his current 3-year term ends at its Annual Meeting this November. In a note to the Co-operative’s farmer-owners and unitholders, Mr Monaghan explained that his de

Southern Institute of Technology (SIT) are committed to building a pipeline of entrepreneurial-minded young people who will boost the prosperity in New Zealand through sponsorship of The Lion Foundation Young Enterprise Scheme (YES) in Southland. SIT recently signed on to continue their sponsorship

South Port New Zealand Ltd has followed up its excellent 2019 performance with a steady result for the first six months of FY2020 ending 31 December 2019; recording a net profit after tax of $4.6 million consistent with the previous corresponding period in FY2019. Considering recent market condition

Rio Tinto’s wholly-owned subsidiary Pacific Aluminium (New Zealand) Limited has reported financial results relating to its interest in New Zealand’s Aluminium Smelter Limited (NZAS), showing an underlying net loss of NZ$46 million for 2019. This is a NZ$68 million decrease in earnings from the previ

Alliance Group has acquired a stake in its India partner QualityNZ as it looks to capture more value from the world’s second most populous nation. The 100 per cent farmer-owned co-operative has purchased 10.4 per cent of QualityNZ, which supplies New Zealand’s products such as red meat, seafood and

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Southlanders are embracing a new direct jet flight connecting them to Auckland with more than 46,000 seats already sold. The inaugural Auckland – Invercargill flight was heralded as a game changer last August with hopes the new service would be a boon for the region. It can be a long day trip for So

Invercargill Central Limited is pleased to announce demolition is set to begin, following a hearing at the Christchurch High Court today. Demolition was due to commence on 6 January but was halted after Nelson based property manager Gaire Thompson filed an interim injunction in the High Court at Inv