Downer staff based in Dunedin and Oamaru will bear the brunt of 33 expected redundancies across Otago operations, while some further Downer jobs may be threatened in the lower North Island.
A scheme of arrangement to allow JBS Australia to take a 50.1% controlling stake in Dunedin niche engineering company Scott Technology went unconditional yesterday, paving the way for the release of new shares and funds to shareholders.
Construction mesh supplier Steel & Tube has initiated external mesh testing, alongside in-house testing, in the wake of concerns raised last month over its certification system.
Home values continue to increase around Otago and Queenstown Lakes and Central Otago have recorded double-digit growth on a year ago.
Three Otago commercial properties have been nominated for the Property Council's annual awards.
Southern-founded Fisher & Paykel Appliances is set to quit its New Zealand manufacturing operations, but its Dunedin design and engineering base of 135 staff will not be affected.
Dual-listed New Zealand Oil & Gas has applied to cancel its stockmarket listing in Australia, as it continued its drive to save cash because of the downturn in global oil prices.
Contact Energy has completed its $100million share buyback.
Houston-based oil and gas company Anadarko wants to postpone its pending ‘‘drill or drop'' decision on deepwater drilling off Oamaru, and is seeking a one-year extension to the existing permit.
Oceana Gold's mainstay Macraes gold mine in East Otago has had its mine life extended by a further two years, after the country's largest gold producer almost doubled its overall estimated gold resource yesterday, beyond 11 million ounces.
The Overseas Investment Office (OIO) has signed off the purchase of a controlling stake in Dunedin-based Scott Technology by global food giant JBS.
Frustration is mounting for shareholders and Scott Technology as they await regulatory approval from the Overseas Investment Office for global food giant JBS to take a controlling stake in the niche market, engineering manufacturing company.
Minimising cash burn remains the focus for New Zealand Oil & Gas, which is reliant on its New Zealand gas assets to see it through plunging global oil prices.
Consumer confidence has taken a slight dip in the lead-up to the Easter break.
Last year's merger and acquisition (M&A) activity is expected to spill over through 2016. Senior business reporter Simon Hartley looks at the drivers identified by Tim Tubman, partner at Chapman Tripp, specialising in M&A.
Dairy farm prices have fallen more than 20% year on year and continue to trend downwards, with some evidence would-be buyers are waiting in the wings for an even better deal.
Shares in Steel & Tube took a hit yesterday after it became embroiled in a product test certification issue over its Hurricane steel mesh.
Retailing, construction and accommodation all played a part in buoying final-quarter 2015 gross domestic product (GDP) data beyond analysts' expectations.
New Zealand's current account deficit for the year to December has narrowed to 3.1% of gross domestic product (GDP), smaller than analysts' expectations, the gap being $7.7 billion.
New Zealand's big five banks - which hold most of the $38 billion in dairy loans - are strong enough to withstand a protracted, up to five-year period of low dairy payouts, according to a Reserve Bank stress test.
