Global carrier Mainfreight has delivered an improved profit, but below analysts' consensus and with foreign currency losses undermining otherwise gooddivisional performances.
Energy and transport owner operator Infratil's sale of an Australian electricity retailer for $670 million underpinned an up to $120 million capital return to shareholders, announced yesterday with its half year to September result.
The 45-year-old Dunedin-based freight company DCB International has been purchased by global mover Mainfreight for an undisclosed price.
One of the world's most ambitious mining proposals - to extract seafloor minerals at depths of almost 5km - is a step closer to fruition.
The six-year receivership of boutique St Kilda Finance has drawn to a close, ultimately leaving 336 southern investors $4.76 million out of pocket.
Texan oil and gas giant Anadarko - facing a ''drill or drop'' deadline this week over its offshore exploration permit - says it will resume seismic testing 60km north of Dunedin next year.
Bellwether carrier Mainfreight is expected to deliver a strong result for its first-half trading tomorrow, with potentially after-tax profit gains of more than 20% on a year ago.
Fuel retailer Z Energy has described its first half trading as the ''most challenging'' in its decades-long history, with refining and pump profit margins undermined.
Retailer The Warehouse has reported sales increases across all its outlets, boosted by less need to clear winter stock at sale prices.
National property values for the past year are up 5.9%, a gain mirrored in Queenstown. However, in Dunedin the increase was more than two-thirds below the national average rise.
Nuplex restructuring continues apace, following a $A127 million ($NZ141.8 million) subsidiaries sale, removal of a management tier and its ongoing focus on building its global resins capacity.
Fuel prices at the pump continue to slide as the global price of oil touches a three-year low.
Dunedin-based Blis Technologies has again disappointed investors, posting a loss of more than $800,000, but more importantly watering down the likelihood of becoming profitable anytime soon.
Global mining sector company MCAM expects to spend more than $US70 million ($NZ88.5 million) developing two Southland and three West Coast open pit gravel-wash mines, targeting gold and platinum.
High-flying cloud computing company Xero and Dunedin cancer diagnostic company Pacific Edge have had their wings clipped, with their share prices plunging to make them among the worst performers on the New Zealand stock exchange in recent months.
The diatomite mine in Central Otago of failed fertiliser company Featherston Resources has been sold to Australian investment company Plaman for $650,000.
Oceana Gold has kept a firm grip on gold production costs and remains on track to deliver within its forecast range of up to 305,000 oz of gold and up to 24,000 tonnes of copper for its full year result.
Almost $120 million was lost off South Island listed companies' combined market capitalisation during the three months ended September - the second consecutive decline in the Deloitte South Island index.
Freightways has reported its strongest first-quarter result in a decade on the back of an almost 17% increase in revenue to $122.2 million.
New Zealand Oil & Gas' main focus may be its Indonesian prospects but three areas in the southern Great South Basin remain on its radar for further exploration.
