The Queenstown branch of Colliers International - Australasia's largest commercial property company - has resurrected the former DTZ property consultancy company in Dunedin which was closed last month with the loss of seven jobs.
Mining lobby group Straterra is claiming "encouraging progress" with the new Government and is broadly hinting legislative reviews will lead to the opening up of land access for the mining industry.
Tenders closed this week on a large 14,600sq m commercial property and building in Dunedin owned by Fonterra.
Underwriters for resin and plastics maker Nuplex - which breached its banking covenants and subsequently raised $132 million in a rights issue last month - have fully exercised an option to raise a further $27.6 million in a 99 million additional share placement.
Port Otago has replicated last year's $2.5 million dividend to 100% owner Otago Regional Council, but unrealised property revaluations saw a decline in overall profit.
Fifty more jobs from Fisher and Paykel Appliances product and development division around the world are likely to go, with more than 25 losses expected from the New Zealand operation in Mosgiel and East Tamaki.
Coal supplier Pike River Coal and casino operator Sky City Entertainment have separately raised a total of more than $226 million this week from new share issues as both seek to bolster their balance sheets.
The New Zealand dollar has lost almost A4c against the Australian in recent days, setting the scene for a boost for manufacturing exporters, but also with a down side that imports such as food could increase in price.
Entrepreneurial Dunedin software company Straylight Studios - which closed its doors about a fortnight ago - has been placed in voluntary liquidation by its shareholders, with the likelihood there will be a financial shortfall for at least 20 creditors.
East Otago miner Oceana Gold has announced "promising" test-drilling results of 39 holes, which may have identified higher grade gold than found in its existing estimated reserves within its Frasers Underground tunnel at its Macraes site.
Speculation in the sharemarket is that debt-laden Fisher and Paykel Appliances will go to existing shareholders shortly to raise possibly $150 million or more to service pending debt obligations, as its free flow cash position takes a turn for the worse.
Preparing businesses for growth after the recession is the theme of today's TechNZ workshop in Dunedin which has attracted 30 local-business registrations, with spaces available for more.
National levels on the monthly Business New Zealand performance of services index gained some ground last month, with Otago-Southland the only one of the four regions to decline, plummeting back to low January levels.
The Wakatipu Trails Trust will be seeking Government assistance to expand its network of trailways around the Wakatipu basin and new chief executive Kaye Parker is keen to make that happen sooner rather than later.
Otago's rural areas are being hit by the recession, but it is not all gloom. As Simon Hartley discovered, the automotive testing facility on top of Mt Pisa has many international clients booked.
Queenstown's investment image has not been tarnished by recent development company liquidations and the slew of mortgagee sales, local business leaders and property specialists say.
Historic Arrowtown's "biggest weekend of the year" gets under way today.
Councils were warned yesterday they would not find it easy to get financial assistance from the Government to ease fears of having to struggle under a mountain of infrastructure debt.
The Southern Institute of Technology's (SIT) new $400,000 Queenstown campus was opened in Frankton yesterday with strong hints it is already looking at expanding beyond catering for 500 students annually.
The contentious $170 million proposal for a 10.2km tunnel linking Queenstown to Milford Sound - beneath two national parks - has been put on hold by promoter Milford Dart Ltd, which has spent more than $1 million on the project to date.
