Dunedin-based cancer diagnostic company Pacific Edge has posted a half-year loss of $1.7 million, mainly through costs associated with undertaking clinical trials and further product development.
The hostile $71 million takeover bid by Singaporean food giant Cerebos for listed New Zealand honey-based product manufacturer Comvita has lapsed.
Discussion on proposals to ban heli-hunting is like opening a hornet's nest. In a response to the heli-hunters' association last week defending their claim to shoot New Zealand's prized trophy...
Shares in leading outdoors retailer Kathmandu were savaged by shareholders yesterday after it announced the likelihood of an earnings downgrade because of a decline in sales.
Escalating industrial action at the Ports of Auckland is having no effect on southern exports as Port Otago prepares to move into the height of its busy season.
A contentious trophy hunting proposal, where the Department of Conservation is considering issuing 10-year permits to heli-hunting operations, appears set to be shelved.
Oceana Gold has tentatively forecast record gold production for the calendar year 2013, underpinned by its gold and copper development mine in the Philippines which is less than a year away from beginning production.
The global Insurance Australia Group has bought AMI Insurance for $380 million, which excludes $1.8 billion of liabilities from AMI's exposure to earthquake claims from Christchurch.
A Dunedin engineering company has landed a contract worth more than $1 million supplying 260 signs for the rebranding of more than 200 Shell petrol stations and buildings around the country, featuring the recently launched Z Energy logo.
Legal wrangling and months of delays lie ahead for already frustrated investors awaiting payouts from the Hubbard Management Fund and Aorangi Securities, which are under statutory management.
Shares in Oceana Gold have plunged 13% in recent days, reflecting an unusual downturn in the spot prices of gold globally during the past week.
TradeMe shares debuted successfully on the New Zealand and Australian sharemarkets yesterday, offering a 5c premium to the $2.70 issue price on opening, and then racing briefly to $2.93.
Austrian oil giant OMV and its majority joint venture partner Shell New Zealand will begin their next seaborne seismic data acquisition programme in the Great South Basin this week, part of an overall $50 million programme.
Christchurch policy holders enmeshed in the spectacular failure of Queenstown boutique insurer Western Pacific Insurance will get $33 million of their total $40 million owed in earthquake claims.
Troubled AMI Insurance, which holds a $500 million Government guarantee to cover Christchurch earthquake claims, is reported to be edging closer to clinching a major capital injection.
Heli-hunting operations in the South Island, mainly for wealthy overseas clients, prompt widespread divisions through all levels of the hunting community. Business reporter Simon Hartley looks at the potential economic impact of banning the practice
A strong previous financial year for Dunedin-based Scott Technology and additional forward work contracts worth $US11.5 million ($NZ14.7 million) were highlighted to shareholders at the company's annual meeting yesterday.
Further subdued economic data is weighing heavily on gross domestic product (GDP) expectations for the third quarter as wholesale trade figures released yesterday declined for the first time in two years.
Telecom is to review its capital structure - having split from its New Chorus network business last week - in order to maintain a crucial "A-band" credit rating.
Mounting debts beyond $4.8 million have been revealed in the receivers' first reports into the three failed development companies of St Clair builder and developer Stephen Chittock.
