Business

The Government will receive a $10 million special dividend from Landcorp Farming Limited today, State Owned Enterprises Minister Simeon Brown announced. The payment brings Landcorp's total dividend contributions to the Crown to $25 million for the 2025/26 financial year. "We expect our state-owned enterprises to operate

Dairy giant Fonterra has appointed Richard Allen as its new chief executive, taking over from Miles Hurrell in May 2026. Allen, who has worked at the cooperative for 16 years since joining as a graduate in 2008, currently serves as President Global Ingredients where he oversees the company's

Fonterra Co-operative Group has today completed the sale of its global consumer and associated businesses, Mainland Group, to Lactalis. Chairman Peter McBride says the completion of the sale is a significant milestone which sets the Co-op up for the future. “With the divestment complete, Fonterra can return capital to its

A Southland farmer who invented edible bale netting has his eyes set on the international markets and the British royal family. Orepuki deer farmer, Grant Lightfoot is the creator of Kiwi-Econet, a non-polluting baleage netting that animals can eat, rather than traditional plastic. Baleage is a way of storing forage

Ashford Motor Lodge in Christchurch has proudly been awarded Gold Accreditation from Qualmark, recognising its ongoing commitment to quality, sustainability, and guest care. The Gold Sustainable Tourism Business Award is the highest possible rating from Qualmark, Tourism New Zealand’s official quality assurance organisation. It signals to visitors that Ashford

Walkinshaw TWG Racing has appointed Scott O’Donnell as a Director, following the purchase of shares in the Melbourne-based team by ODFI Ltd. The move adds another experienced figure to the team’s leadership while maintaining its current name and structure. ODFI Ltd joins existing shareholders, the Walkinshaw Group led

Datagrid New Zealand has signed a major long-term energy agreement with Mercury, securing a 140 megawatt Power Purchase Option Agreement to support its growing artificial intelligence infrastructure. The 15-year deal is among the largest commercial energy arrangements in the country dedicated to high-performance computing and AI operations. The agreement provides

The Southland Business Chamber and the Young Enterprise Scheme (YES) held a successful Spark Tank session in Invercargill on Friday. Held at the Workingmen’s Club using local mentors to guide students with their ideas, head of strategic partnerships and marketing Abbie McKoy said she loved how young people were