Dunedin-based Scott Technology realised the benefits of its diversification programme in the year ended August 31, when its profit for the period increased substantially on the previous corresponding period.
Listed jeweller Michael Hill International is off to a good start for the financial year, with total sales up in all its markets.
Falling wages and rising prices were expected to lead to a huge spike in vulnerable people not being able to pay their bills later this year, Labour Party leader Phil Goff said yesterday.
The rejection by Fidelity of Tower's bid to buy its rival life insurer could turn Tower itself into a takeover target - possibly by Fidelity, Craigs Investment Partners broker Peter McIntyre said yesterday.
Oceana Gold, which operates gold mines at Macraes and Reefton, easily raised $C115 million ($NZ151.5 million) through a capital raising of warrants destined to be traded through the Toronto Stock Exchange.
Growing debt dominates the annual report of Dunedin City Holdings Ltd, but the news is not all bad.
City Forests proved to be the surprise package when Dunedin City Holdings yesterday released its annual report for the year ended June.
The prospect of New Zealand's economy hitting a double-dip recession by the end of the year loomed large yesterday.
Oceana Gold is seeking $C115.5 million ($NZ152 million) in funds on the Toronto Stock Exchange to partially fund the development of the Didipio gold and copper project in the Philippines.
New Zealand's economic prospects could be damaged if the Government pressed ahead with the new foreshore and seabed legislation, Act New Zealand deputy leader John Boscawen said in Dunedin yesterday.
The proposed South Island-listed "heartland" bank took a major step forward yesterday with the naming of a board and designated executive team.
The growing belief United Kingdom banks might need a further state bail-out next year was unlikely to trigger another global financial crisis, Craigs Investment Partners broker Peter McIntyre said yesterday.
Brokers are hopeful trading on the NZX-50 at the start of the fourth quarter will signal a sharemarket rally, albeit it at flatter levels than some recent past rallies.
Allied Farmers remained in survival mode after yesterday confirming an audited $77.6 million loss for the year ending June, Forsyth Barr broker Tony Conroy said.
No payout will be made to investors from Hubbard Management Funds until statutory managers Grant Thornton receive court direction or find a viable alternative.
The complex web of loans and investments associated with South Canterbury businessman Allan Hubbard took a new turn yesterday with the statutory managers revealing a private investigator may be used to track down some borrowers.
Investors in Aorangi Securities Ltd, a company associated with South Canterbury business man Allan Hubbard, could receive an initial capital repayment of up to three cents in the dollar later this month.
Telecom yesterday laid down a challenge to the Government to involve the company in the ultra-fast broadband project and avoid unnecessary duplication.
Australia's largest telecommunications company, Telstra, provided investors with some good news when it held its investor day in Sydney yesterday.
Major infrastructure contractor Fulton Hogan is poised for further growth after announcing yesterday a five-year joint venture with John Holland, one of Australia's leading contracting, engineering and services providers.
