Energy consumers face a bleak medium to long-term outlook with forecasts of spiralling domestic electricity and global oil prices, separate research reports by Craigs Investment Partners say.
Fletcher Building shares continued to be eroded yesterday and short-term forecasts were lowered by stockbrokers, but for the long term, the stock retained a positive outlook.
The receivers of South Canterbury Finance have confirmed the sale of Helicopters New Zealand to Canada's largest heli-operator has been completed for $154 million, $6 million less than expected.
Dividend growth - through a mix of high- and low-yield shares - should be considered a key protection against inflation and during times of low interest rates, Craigs Investment Partners head of private wealth research Cam Watson says.
National's controversial proposal to partially privatise state-owned assets bounded forward yesterday with the announcement of the "immediate" appointment of Deutsche Bank and brokerage firm Craigs Investment Partners as sole financial advisers to Treasury.
A week after missing a deadline to settle the $10.8 million balance of the purchase of a subdivision near Queenstown, Dunedin businessman Paul Nicholson has still not settled, but contractually has several weeks to do so.
Christies Garden Products has been bought from liquidators with plans to keep the renowned Dunedin brand alive and expand its product range.
South Canterbury Finance is owed $188.6 million by two Allan Hubbard-controlled companies, but receiver McGrath Nicol is withholding further details so as not to prejudice any legal proceedings.
The "changing landscape" of new shipping lines visiting New Zealand has begun, with French line CMA CGM Group including Port Chalmers in a new service connecting Asia, Fiji and New Zealand, beginning in about a fortnight.
Singaporean commodities giant Olam International has fallen short in its $37.6 million bid to clinch a 90% stake in listed New Zealand Farming Systems Uruguay (NZFSU), which would have completed a 100% takeover.
The New Zealand subsidiary of Austrian oil giant OMV, which had until this week to decide whether to test drill for oil and gas in the Great South Basin, has requested a two-month deferral.
Failed Dunedin businessman Paul Nicholson has missed a deadline to deliver a $10.8 million settlement for a Queenstown Lakes District subdivision, but remains in negotiations with the sellers.
Lyttelton Port of Christchurch, which has so far received $35.7 million in quake-related insurance payments, has not been able to reinsure itself against natural disasters and business interruption.
The deadline to sell a block of five adjacent properties in the Esplanade precinct at St Clair has been extended 12 days, to July 12.
Retailer Smiths City has delivered a surprising full-year result with its after-tax profit up 15%, despite having widespread exposure to damage caused by Christchurch's earthquakes.
Two days after announcing a $9.5 million rights issue, listed Scott Technology has bought a 75% share in a China-based specialist motor manufacturer for almost $1 million, further expanding its Chinese base.
East Otago miner Oceana Gold, in existence for 21 years, has applied for resource consents to extend its mine life to 2020.
Otago again ranked the top of 16 regions for employment growth during the past quarter, but was dragged backwards with declining retail sales, tourism and guest nights.
Global Fabrics, which has been unable to access its Tuam St, Christchurch, premises since the February quake, took just five weeks to find, outfit and begin trading from its Dunedin premises in lower Stuart St last week.
New Zealand Farming Systems Uruguay - subject of a $37.6 million takeover offer which ends today - has dragged itself from loss to profit, thanks to higher-than-expected US milk prices.
