Lack of listings drives prices up
Lack of listings drives prices up
The housing boom continues unabated.
Simon Hartley
Greece, China shaking markets
Greece, China shaking markets
Greece's rejection of bail-out austerity conditions and weak Chinese trade data prompted stockmarket declines around the world, as the future of the euro zone comes under scrutiny.
'Double whammy' causing petrol price rises
'Double whammy' causing petrol price rises
Fuel prices continued their upwards march yesterday, rising again for the fourth time in the past nine days.
Market trending to quality
Market trending to quality
The university investment sector in Dunedin finished the year with a flourish in the fourth quarter, but overall sales volumes were down 13% for the year.
Downer dips across Tasman
Downer dips across Tasman
Construction and infrastructure giant Downer EDI has reported a revenue and profit dip for its half-year trading, dragged down by its flagging Australian operations.
Real estate agent fined, censured over commission; decision appealed
Real estate agent fined, censured over commission; decision appealed
Dunedin real estate agent Tim Barnett has been censured and fined by the Real Estate Agents Authority (REAA) - a decision which is under appeal - over commission on a more than $700,000 commercial building.
Fined $17,000; appeal lodged
Fined $17,000; appeal lodged
Three members of Dunedin's Sievwright real estate family and employer Edinburgh Realty have been censured and collectively fined more than $17,000 for ''unsatisfactory conduct'' by the Real Estate Agents Authority (REAA).
Card spending in Otago for January up 8.2%
Card spending in Otago for January up 8.2%
Otago retailers may have registered a boost in January sales, as the province booked an 8.2% increase on card spending, the second-largest percentage gain of 17 regions across the country.
Jobs and jobless both up
Jobs and jobless both up
New Zealand's labour force has grown by 36,000 people during the past quarter to a record high and participation reached a record 69.7%.
Housing values rise across country
Housing values rise across country
Housing values nationally have taken another leap upward, principally driven by Auckland with its $775,555 median house price for January.
Kathmandu shares settle after shock
Kathmandu shares settle after shock
The reaction to Kathmandu's shock profit warning, which wiped more than $100 million from its market capitalisation, eased yesterday, but not before its share price halved on a year ago.
Kathmandu punished after warning
Kathmandu punished after warning
Shares in sports and leisure retailer Kathmandu were savaged to a more than two and a-half-year low yesterday, after warning its previous $11 million profit could plunge to a loss of up to $2 million, for its forthcoming half-year resultKathmandu shares plunged more than 25%, down 51c, to trade down to $1.50.
NZOG to continue southern survey
NZOG to continue southern survey
Southern oil and gas evaluation will be continued by New Zealand Oil and Gas (NZOG) throughout 2015, at its two permits in the Canterbury Basin and the other in the Great South Basin.
Apartments give rise to 16% boost in NZ residential building consents
Apartments give rise to 16% boost in NZ residential building consents
The national construction sector finished 2014 on a seven-year high, with residential building consents up 16% on the back of apartments built.
Boost to Oceana earnings tipped
Boost to Oceana earnings tipped
A strong finish to Oceana Gold's calendar year gold production has prompted expectations of an 8% earnings boost to forthcoming 2014 results, by brokers Forsyth Barr.
Confidence returns in S.I. companies
Confidence returns in S.I. companies
South Island listed companies gained almost $700 million in market capitalisation for the quarter to December, with the Deloitte South Island Index ending 2014 at a seven-year high.
Bathurst Resources slashes executive board numbers
Bathurst Resources slashes executive board numbers
Bathurst Resources' enforced plan to wait out slumped global coking coal prices has slashed its executive board numbers to four in the latest round of belt-tightening.
Briscoes recovers after Christmas with 4.8% boost
Briscoes recovers after Christmas with 4.8% boost
Post-Christmas and January sales provided a welcome revival for Briscoes fortunes, the company recording a 4.8% increase which boosted sales beyond $500 million, for the year to January 25.
Scottish stills arrive for Cardrona distillery
Scottish stills arrive for Cardrona distillery
Copper whisky making stills from Scotland, bound for a $5 million distillery in the Cardrona Valley in Central Otago, arrived on Dunedin's wharves yesterday.
Ecolabel seen as benefit to forestry
Ecolabel seen as benefit to forestry
The New Zealand Forest Certification Association has been included in an internationally recognised ecolabel which could open up new opportunities for forest owners, manufacturers and exporters.