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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/

Flybuys to End After Nearly Three Decades in New Zealand
Flybuys to End After Nearly Three Decades in New Zealand
Business   -   May 30, 2024

Flybuys, one of New Zealand’s most well-known loyalty schemes, will conclude its services at the end of 2024. This decision comes after nearly 30 years of rewarding Kiwis since its launch in 1996. Loyalty NZ CEO Lizzy Ryley expressed pride in the programme’s achievements over the years, highlighting

Southland Power Trust Sells SGLP Stake to Focus on Local Energy
Southland Power Trust Sells SGLP Stake to Focus on Local Energy
Business   -   May 27, 2024

The Southland Power Trust (SEPSCT) announced today that its subsidiary, The Power Company Limited (TPCL), is divesting its shares in the Southern Generation Limited Partnership (SGLP). This joint venture, established in 2015 with TPCL, Electricity Invercargill Limited (EIL), and Pioneer Energy Limit

Tiwai Point Secures Future with 20-Year Electricity Deal
Business   -   May 31, 2024 Tiwai Point Secures Future with 20-Year Electricity Deal

New Zealand Aluminium Smelters (NZAS) has secured the future of the Tiwai Point aluminium smelter by signing 20-year electricity arrangements. These agreements ensure the smelter will continue competitively producing high-purity, low-carbon aluminium using renewable electricity from New Zealand’s So

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Tiwai Point Secures Future with 20-Year Electricity Deal
Tiwai Point Secures Future with 20-Year Electricity Deal
Business   -   May 31, 2024

New Zealand Aluminium Smelters (NZAS) has secured the future of the Tiwai Point aluminium smelter by signing 20-year electricity arrangements. These agreements ensure the smelter will continue competitively producing high-purity, low-carbon aluminium using renewable electricity from New Zealand’s So

Flybuys to End After Nearly Three Decades in New Zealand
Flybuys to End After Nearly Three Decades in New Zealand
Business   -   May 30, 2024

Flybuys, one of New Zealand’s most well-known loyalty schemes, will conclude its services at the end of 2024. This decision comes after nearly 30 years of rewarding Kiwis since its launch in 1996. Loyalty NZ CEO Lizzy Ryley expressed pride in the programme’s achievements over the years, highlighting

Southland Power Trust Sells SGLP Stake to Focus on Local Energy
Southland Power Trust Sells SGLP Stake to Focus on Local Energy
Business   -   May 27, 2024

The Southland Power Trust (SEPSCT) announced today that its subsidiary, The Power Company Limited (TPCL), is divesting its shares in the Southern Generation Limited Partnership (SGLP). This joint venture, established in 2015 with TPCL, Electricity Invercargill Limited (EIL), and Pioneer Energy Limit

Autoplex Five Day A Week Operation Going From Strength To Strength
Autoplex Five Day A Week Operation Going From Strength To Strength
Business   -   May 26, 2024

Autoplex is experiencing huge growth since consolidating its business to a five-day working model early this year. With five Warrant of Fitness specialists onboard and eight mechanics, Autoplex can offer its new and existing clients continuity of service across the working week. Arguably one of the

Farmer Confidence in Banks Hits Decade Low
Farmer Confidence in Banks Hits Decade Low
Business   -   May 23, 2024

Farmer confidence in banks has fallen to its lowest level in nearly a decade, prompting calls for an independent inquiry. A recent Federated Farmers survey of over 640 farmers revealed only 51 percent were satisfied with their banks, a significant drop from 80 percent in 2018. This marks a worrying

Invercargill’s Windsor Westpac Branch Set to Close in June
Invercargill’s Windsor Westpac Branch Set to Close in June
Business   -   May 23, 2024

Westpac has announced the upcoming closure of its Windsor branch in north Invercargill, citing that the building does not meet the bank’s seismic criteria. The last day of operation for this branch will be Friday, June 21. Local MP Penny Simmonds expressed deep concern over the closure, describing i

Invercargill Airport Introduces Hassle-Free Ticketless Parking System
Invercargill Airport Introduces Hassle-Free Ticketless Parking System
Business   -   May 19, 2024

Invercargill Airport has revolutionised its car parking facilities with the introduction of a new ticketless system, streamlining the process for drivers and contributing to environmental sustainability. Using the latest Number Plate Recognition technology, the system automatically identifies vehicl

Final H&J Smith Department Store Clearance Auction Promises Exciting Variety
Final H&J Smith Department Store Clearance Auction Promises Exciting Variety
Business   -   May 09, 2024

The upcoming final clearance auction for H&J Smith Department Store is set to be a significant event, featuring a vast array of high-quality items, as detailed by Lynzy, an auctioneer from William Todd & Co. Lynzy explains the contrast between this auction and the previous one, noting, “The last one

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