Synlait loss turnaround ‘will take time’
Synlait loss turnaround ‘will take time’
Canterbury-based milk processor Synlait Milk is anticipating a loss after tax of $27 million to $40m after manufacturing challenges at its Dunsandel factory.
Organic veg farm loses $250k worth of crops
Organic veg farm loses $250k worth of crops in floods
An organic vegetable farm in Canterbury lost about $250,000 of crops in the flooding which saturated the region in early May.
Wānaka holiday park sold to overseas investor
Holiday park sold to overseas investor for unknown sum
Wānaka's award-winning Top 10 Holiday Park has been sold to an overseas-based joint venture, which intends to maintain its current use.
New Air NZ boss announcement sparks backlash
New Air NZ boss announcement sparks backlash
News organisations have been forced to restrict or disable comments on social media on Nikhil Ravishankar's appointment due to a torrent of abuse.
$5.4m loss reported after site closure
$5.4m loss reported after site closure
Ravensdown has reported a loss of $5.4m after tax and one-off costs for the year ending May, with the costly closing of Dunedin fertiliser manufacturing among challenges.
40% of workers jobless after supermarket fire, union hits out
40% of workers jobless after supermarket fire, union hits out
Only just over 100 of more than 180 people employed by Victoria Park New World have so far found work in other Foodstuffs supermarkets.
100 jobs set to go at Wētā FX
100 jobs set to go at Wētā FX
"The vibe is terrible. We're surrounded by good people and we are supporting each other, [but] morale is very low," one staffer says.
NZ slapped with 15% US tariff
NZ slapped with 15% US tariff
Finance Minister Nicola Willis says New Zealand has been hit by a "very blunt formula" after the United States announced a new tariff on exporters.
Southern businesses buck trend
Southern businesses buck trend
Otago's small businesses are finding a way to increase sales while North Island centres go backwards.
Air New Zealand appoints new chief executive
Air New Zealand appoints new chief executive
Air New Zealand has appointed its new chief executive from within its own ranks.
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Ditching payment systems a right: cafe owner
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Ditching payment systems a right: cafe owner
Businesses concerned about the impact of banning certain in-store surcharges are "well within their right" to scrap the payment systems altogether, a Dunedin cafe owner says.
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Placemakers Dunedin part of solar upgrade programme
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Placemakers Dunedin part of solar upgrade programme
A store on a landmark Dunedin site is getting a solar-powered upgrade.
Paywave costs should be passed on to customers - Willis
Paywave costs should be passed on to customers - Willis
The Finance Minister says when a ban on contactless card payment surcharges comes into effect, businesses should pass on the cost to customers as they would any other business cost.
High butter prices 'a good thing' for NZ
High butter prices 'a good thing' for NZ
Butter prices might be biting at the supermarket checkout, but there's a warning that anyone hoping they'll fall should be careful what they wish for.
Getting honest on rate of expansion
Getting honest on rate of expansion
Honest Wolf is resisting the urge to go full mode into export sales of its luxury felted woollen bags and accessories until ready to take the next step.
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Major retail chains on way for George St
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George St retail excites investor
Four new retailers, including three major chains, are part of a promising future for Dunedin’s main street, a property investor says.
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‘Success’ stories behind growth
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‘Success’ stories behind growth
While Otago may have topped a national economic scoreboard, more needs to be done to spread the word about the South’s success, a business leader says.
Govt to ban surcharges on in-store payments
Govt to ban surcharges on in-store payments
The government plans to ban surcharges on card payments in-store, saving shoppers from being stung with surprise fees when paying with contactless technology.
Job ads fall for a second month
Job ads fall for a second month
The mid-year economic slowdown appears to be weighing on the job market with job advertisements falling for a second month.
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