Otago Southland PSI up 6.5pts
Otago Southland PSI up 6.5pts
Otago and Southland’s services sector has experienced an activity boost in November as the hospitality industry prepares for its peak summer season.
Simon Hartley
PMI eases but orders strong
PMI eases but orders strong
Manufacturing in Otago and Southland during November eased back from October, but key indicators such as new orders and deliveries of raw materials remained strong and in expansion.
City centre buzzing with visitors
City centre buzzing as visitors stream in
The past few days have been a boon for Dunedin’s hospitality and retail sectors as graduands and passengers from multiple cruise ships descended on the city amid pre-Christmas shoppers.
Commercial banks forecast 0.5% GDP growth
Commercial banks forecast 0.5% GDP growth
Growth in the quarterly gross domestic product (GDP) flagged in data out this week is expected to reflect a slowing in the economy, from a combination of high petrol prices and slower pace in...
Job done
Job done
The private charter tug Christine Mary left Dunedin early yesterday bound for Auckland, having delivered an 85 tonne barge to Port Otago earlier in the week.
House prices hit new highs in 6 regions
House prices hit new highs in 6 regions
Median house prices across the country continue to rise, six regions recording new highs, including Southland.
Fear of slump contagion
Fear of slump contagion
Falling Australian house prices could dampen New Zealand prices, but that is likely to be counterbalanced by lower interest rates, elevated immigration and housing shortages here.
Trade Me takeover battle over after $2.56b offer matched
Trade Me takeover battle over after $2.56b offer matched
The multibillion-dollar takeover battle for Trade Me is over, US company Hellman & Friedman having formally withdrawn from the race.
Port's dredging capacity to rise with arrival of barge
Port's dredging capacity to rise with arrival of barge
Port Otago is looking to double its dredging efficiency with the purchase and delivery of a barge worth more than $1.5million, which was towed from Auckland to Dunedin this week.
Plant brings mine re-entry closer
Plant brings mine re-entry closer
Re-entry into the Pike River Mine moved a step closer with the crucial installation of a nitrogen-producing plant to remove the dangerous levels of methane from the closed-off mine shaft.
Trade Me board backs Apax's bid
Trade Me board backs Apax's bid
The ante has been upped in the Trade Me takeover battle, with London-based Apax Partners increasing its bid from $2.54b to $2.56b - matching the bid of US firm Hellman & Friedman.
Southern Clams permitted to harvest
Southern Clams permitted to harvest
Dunedin exporter Southern Clams now has approval to commercially harvest cockles from Otago Harbour, having previously been banned by fisheries regulations.
Dunedin plant closure to cost 40 jobs
Dunedin plant closure to cost 40 jobs
The award-winning Dunedin division of engineering specialist Milmeq is closing with the loss of 40 jobs.
Engineering hub need reinforced
Engineering hub need reinforced
The shock closure and loss of 40 jobs at Dunedin engineering company Milmeq only reinforces the need to create an engineering hub in the city, according to one of its promoters.
Region’s economic activity mixed bag
Region’s economic activity mixed bag
Otago's economic activity remains in the top three areas around the country for growth, underpinned by a population boost, the rural economy and housing.
Financial disclosures studied
Financial disclosures studied
A nine-year study of New Zealand listed company chief executives’ market disclosures has raised concerns about "unusual financial disclosure strategies".
Dunedin housing market 'never busier'
Dunedin housing market 'never busier'
Dunedin's residential property market is running so hot premiums of $100,000 above house price expectations have been paid to secure properties, according to city real estate agents.
Relevance of capital valuation debated
Relevance of capital valuation debated
The use of capital value (CV) as a measurement of what homes may be worth is a grey area for both sellers and buyers and most real estate agents see little relevance in CV data.
Dairy payout drop forecast despite auction price rise
Dairy payout drop forecast despite auction price rise
Dairy auction prices snapped a seven-time losing streak and rose 2.2% overall in Fonterra's latest fortnightly GlobalDairyTrade auction.
Windsor Blue off to home of cheese
Windsor Blue off to home of cheese
Oamaru cheesemaker Whitestone Cheese has clinched an important export deal, having just delivered its first consignment of 100 rounds of Vintage Windsor Blue cheese to France.