Investor markers varied
Investor markers varied
Commmercial property investor confidence markers in Queenstown and Dunedin are poles apart.
Simon Hartley
A2 shares up after upgrade
A2 shares up after upgrade
A significant boost of infant formula sales has prompted a revenue upgrade by the A2 Milk Company, sending its share price skyward.
‘Fall from grace’ for Auckland market
‘Fall from grace’ for Auckland market
Auckland's heated housing market has notched down in recent months as new tax and mortgage lending rules for investors take hold, while the rest of the country generally continues to makes gains.
Power retailer Flick grows rapidly
Power retailer Flick grows rapidly
Minnow electricity retailer Flick Electric Co has grown its customer base almost 300% since its launch in August last year, and recently raised $5million in new capital.
Nine oil and gas permits awarded
Nine oil and gas permits awarded
Taranaki's oil and gas basins were the focus for exploration in the Government's block offer tender round for 2015, with nine onshore and offshore permits awarded in Taranaki this week.
CEO to take his leave from employers’ association
CEO to take his leave from employers’ association
The Otago Southland Employers' Association chief executive for almost the past seven years, John Scandrett, has resigned, to pursue other business interests.
Shell plans to slash thousands of positions
Shell plans to slash thousands of positions
Less than a week after Shell New Zealand announced an all-encompassing asset review, its parent Royal Dutch Shell says it is planning to cut 2800 jobs globally, following its £55billion ($NZ123.3billion) takeover of LNG specialist BG Group.
Negative cash flow predicted for most
Negative cash flow predicted for most
Up to 80% of dairy farmers could face negative cash-flow scenarios for the 2015-16 dairy season, with the Reserve Bank's best-case and worst-case scenarios estimating defaults at between 2% to 14% of bank loans.
Gourmet burgers at upgraded outlet
Gourmet burgers at upgraded outlet
Dunedin's three McDonald's outlets have been redeveloped at a cost of almost $5 million during the past three years, with city-wide employee numbers recently boosted beyond 200.
Industry growing fastest in south
Industry growing fastest in south
Otago's November manufacturing activity continues to lead the country, which overall remains in expansion territory.
Results optimism boosts Scales shares
Results optimism boosts Scales shares
Shares in Scales Corp bounded up more than 5% on new full-year guidance yesterday, with revenue, profit and dividends all forecast to be up by a range of 45%-75%.
Shell reviewing NZ operations
Shell reviewing NZ operations
Oil and Gas explorer and producer Shell, New Zealand's largest gas producer, has announced a shock review of all its New Zealand assets, which could include an exit from the country.
New fish factory boost for Chathams
New fish factory boost for Chathams
Chatham Islanders are celebrating not only the opening of a new $3million state-of-the art fish factory, but also confirmation of the Government spending $52million on a new Waitangi wharf, with construction to start next year.
Great amount of buyer activity, real estate agents say
Great amount of buyer activity, real estate agents say
Following recent reports of frenzied house-buying in Dunedin, the number of houses sold in November was flat, but house prices reflected buyer pressure, rising 13% in the city on a year ago.
Concerns over electricity security
Concerns over electricity security
New Zealand's security of electricity supply is entering a crunch period with three major generators being decommissioned from the national grid by 2019.
Fuel cuts an early present
Fuel cuts an early present
Global crude oil prices have slumped to an almost seven-year low, but the waning strength of the New Zealand dollar may work against further fuel pump relief for motorists heading into the Christmas holidays.
Meat and dairy boost manufacturing sales
Meat and dairy boost manufacturing sales
The food and beverage sectors underpinned a boost to manufacturing sales, with volumes up 3.5% and values up 4.2% to a total $23.6billion for the quarter to September.
$5.2million made on property deal
$5.2million made on property deal
Steel distributor Steel & Tube has signalled a one-off $5.2million gain will be added to its half-year bottom-line results in December, from the sale of a vacated Auckland property.
One-offs affect Contact
One-offs affect Contact
Contact Energy has surprised the market with a $50million downgrade to its full-year 2016 guidance, following the combination of several one-off items.
'Wild Dunedin' plan hatching
'Wild Dunedin' plan hatching
A three-day ''Wild Dunedin'' nature festival is being planned for next year and organisers hope it will attract thousands of visitors to the city.