Business

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

Invercargill City Holdings Limited’s six monthly group financial reports, showing strong profits and an increased dividend to Council, were presented to the Council’s Finance and Policy Committee this week. Invercargill City Holdings Limited (Holdco) is a holding company, 100% owned by the Invercarg

For the last year the old retail site of 100% Selectrix has been under going a complete refit & refurbishment inside and out including major earthquake strengthening. The landlord preparing it for new tenants by splitting the site into a smaller space and a larger area. The big question has been who

The Commerce Commission has declined to grant clearance for the proposed merger of Sky Network Television and Vodafone New Zealand. The Commission’s assessment focused on the impact of the proposed merger on competition in both the broadband and mobile telecommunications markets. To grant clearance,

With the overall cargo volume at the port of Bluff maintaining the solid pattern of the previous year, South Port New Zealand’s net profit for the first six months of 2017 was better than expected at $4.10 million. Although, the result is below the prior period in 2016 of $5.06 million, several anti