Sealord proposing further job cuts
Sealord is proposing to cut a further 59 jobs and make parts of its Nelson operations seasonal.
Business
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Former Lone Star Dunedin operator liquidated owing $650k
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Former Lone Star Dunedin operator liquidated owing $650k
The former operator of a popular Dunedin restaurant has been liquidated owing the IRD $650,000.
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Port doubles profit; $18m dividend paid to ORC
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Port doubles profit; $18m dividend paid to ORC
Port Otago has more than doubled its net profit over the past financial year despite a decline in both cruise ship numbers and container movements.
Fonterra confident it can extend double-digit payout streak
Fonterra confident it can extend double-digit payout streak
Fonterra is "confident" it can get another double-digit payout over the line after handing farmers a record $10.16 for each kilogram of milksolids produced in 2024/25.
Exploration ban lifted with faster approval process
Exploration ban lifted with faster approval process
It will also be easier for hobby miners to undertake "small-scale gold mining activity" predominantly in Otago and on the West Coast.
Treasury suggests pension age at 72, GST at 32%
Treasury suggests pension age at 72, GST at 32%
Someone is going to have to pay to keep the country's finances in order while the population ages, but who and how need to be decided soon.
Fonterra posts $1.1 billion profit
Fonterra posts $1.1 billion profit
Dairy giant Fonterra’s profit after tax result of $1.1 billion for the financial year ending July is down 4% but its farmer shareholders have enjoyed a record payout.
North Otago’s Smith on board of Ravensdown
North Otago’s Smith on board of Ravensdown
North Otago farmer Jane Smith takes her seat around the board table of fertiliser co-operative Ravensdown at its annual meeting in Christchurch today.
Govt policies not sustainable for long-term
Govt policies not sustainable for long-term
The latest Treasury outlook on New Zealand's fiscal future indicates current government polices are not suitable for the long-term and change is required.
'I'm the captain': Luxon not worried by business survey
'I'm the captain': Luxon not worried by business survey
A survey of 150 chief executives and business leaders have ranked the Prime Minister the 15th best minister in his Cabinet.
Breman first woman to be Reserve Bank governor
Breman first woman to be Reserve Bank governor
The government has named the first woman to be governor of the Reserve Bank in its 91-year history.
Employers support changes, union and opposition fears for workers
Employers support changes, union and opposition fears for workers
Employers seem to be on board with the govt proposals to replace the Holidays Act, but unions and opposition parties fear they could trample workers' rights and entitlements.
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Milford call lauded as cruise visits fall 15%
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Milford call lauded as cruise visits fall 15%
Cruise ship visits are down by about 15% in Dunedin this summer and Mickey and Minnie Mouse are not going to make an appearance as tourism businesses face a hit in the pocket.
Ex-All Black's restaurant in $450k liquidation
Ex-All Black's restaurant in $450k liquidation
A company co-owned by a former All Black which ran a Canterbury restaurant has gone into liquidation owing more than $450,000 to creditors.
Luxon ranked 15th best minister in Cabinet
Luxon ranked 15th best minister in Cabinet
Prime Minister Christopher Luxon ranks 15th in Cabinet in a survey of senior business leaders who are also casting doubt on NZ's economic performance.
Less sick leave for part-timers in sweeping law change
Less sick leave for part-timers in sweeping law change
The Workplace Relations Minister says sweeping changes to the Holidays Act will make the system fairer.
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Microsoft funding key ingredient to finishing brewing game
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Microsoft funding key ingredient to finishing brewing game
A Dunedin-made video game about alcohol called Brews & Bastards has received financial backing from Microsoft.
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Otago dips in regional economic rankings
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Otago dips in regional economic rankings
Slowing construction growth and underperforming house sales have knocked Otago off its perch at the top of a regional economic ranking.
Peters concerned at easier path for skilled migrants
Peters concerned at easier path for skilled migrants
Two new pathways to residence for skilled migrants will kick in from mid-2026, the govt has announced. But NZ First leader Winston Peters has "serious concerns".
Chch businesses confident economy will ‘turn corner’
Chch businesses confident economy will ‘turn corner’
Canterbury business owners are confident a shrinking economy will "turn the corner" over the next year unlike more gloomier expectations further north.