Business

Building activity in Invercargill  appears to be tapering off as winter sets in ICC building consent stats for April show a decrease in most categories compared to the same time last year. One of the sharpest drops is consents issued for New Commercial Industrial Buildings and Alterations. There wer

TheCommerce Commission has today released its final decision declining authorisation for NZME and Fairfax to merge their media operations in New Zealand. The merger proposed to bring New Zealand’s two largest newspaper networks and corresponding online news sites under common ownership. The Commissi

The Invercargill Licensing Trust (ILT) announced this morning (April 19), a six to seven-storey $40 million hotel will be built on a 3000 sqm site on the corner of Don and Dee Streets in Invercargill’s City Centre. ILT general manager Greg Mulvey said the 120-room complex will be built in two stages

A massive commercial, residential hub is to be built on prime inner city land. whatsoninvers.nz can reveal that a deal has all but been done for a Russian / Oriental joint conglomerate to purchase the north half of Queens Park. It’s believed the as yet unnamed conglomerate will be paying top dollar

Fonterra ended the first half of its 2017 financial year with revenue up 5% on the same period last year, and net profit after tax up 2%. Results Highlights · Forecast Farmgate Milk Price $6.00 per kgMS · Forecast cash payout $6.40 after retentions* · Interim dividend of 20 cents per share – to be [

South Port Chairman, Rex Chapman commented that the timing of this decision had been signaled to the Board for a number of years. The Board is naturally disappointed to lose a person of Mark’s calibre, particularly given the significant progress the Company has made over the last two decades while h

New Zealand is well-placed to take advantage of the economic benefits of oil and gas exploration, Energy and Resources Minister Judith Collins announced today at the launch of the 2017 Block Offer petroleum tender. “The global exploration and production industry is cyclical – the low number of permi

Clutha-Southland MP Todd Barclay has welcomed today’s news that applications have opened for an extra $5.5 million in funding as part of the Government’s Regional Mid-sized Tourism Facilities Grant Fund. This additional round of funding comes in response to the high quality and large number of appli