Edging higher again
Edging higher again
Shares in Dunedin cancer diagnostic company Pacific Edge have taken off again on the back of positive news from the United States.
Simon Hartley
Dunedin house prices dip by 0.4%
Dunedin house prices dip by 0.4%
Average Otago house prices continue to track close to the national averages, except Dunedin which has slipped into negative territory during the past three months.
Pacific Edge's patent guard
Pacific Edge's patent guard
Dunedin cancer diagnostic company Pacific Edge has been granted patent protection by the United States Patent Office for ''prognosis prediction for melanoma'' - a crucial move further broadening its product development into a variety of cancer types.
Briscoe boosts profits ahead of expectations
Briscoe boosts profits ahead of expectations
Retailer Briscoe has delivered a strong half-year result, with boosted revenue, profits and profit margins, in part underpinned by a $1.34 million insurance payout.
Port Otago gains on sale of Lyttelton shares
Port Otago gains on sale of Lyttelton shares
Port Otago has scored a financial coup against its competitor Lyttelton Port of Christchurch, having squeezed a 14%-23% premium on the share price in order to sell its 15.5% stake.
Christchurch leads construction activity
Christchurch leads construction activity
Christchurch again dominated New Zealand's building activity for the quarter to June, as residential activity across the country was flat and unchanged.
RMA reform hinted at
RMA reform hinted at
Changes to the Resource Management Act and mineral permitting system, and possibly a review of the relatively new Environmental Protection Authority, were mooted yesterday by Economic Development, Energy and Resources Minister Simon Bridges.
NZ mining companies adapting to difficult times
NZ mining companies adapting to difficult times
Adaption of mine designs during the past year was the theme for the major companies opening the annual Australian Institute of Mining & Metallurgy (AusIMM) New Zealand branch conference in Hamilton yesterday.
Potential for craft brewers
Potential for craft brewers
New Zealand's more than 80 craft breweries may be on the cusp of a global explosion in popularity. ODT business reporters Simon Hartley and Sally Rae talk to some of Otago's oldest, and newest, micro-brewers.
Tough year for NZ mining
Tough year for NZ mining
Belt-tightening in tough times could be the unofficial theme at New Zealand's 2014 mining conference, which begins on Monday.
Refining NZ falls into loss
Refining NZ falls into loss
Refining New Zealand has booked a more than 200% profit slump, on the back of squeezed profit margins and the high New Zealand dollar.
Pacific Edge shareholders told to be patient
Pacific Edge shareholders told to be patient
Pacific Edge shareholders heard the company is targeting two million annual tests in the United States, but that they also must exercise patience while revenues gather pace.
Record cargo and profit, but future unclear
Record cargo and profit, but future unclear
South Port has delivered a record profit on record cargo volumes, largely from dairying, fertiliser and petroleum, marking the 20th anniversary of its stock market listing.
Central Otago/Lakes home prices lead country
Central Otago/Lakes home prices lead country
Asking prices for homes in the Central Otago/Lakes area - at a record $782,684 - has left the remainder of the country trailing in its wake.
Otago still in top four performers
Otago still in top four performers
Otago's economic performance has dropped a couple of notches in recent months, but it remains in the top four of the 16 regional councils across the country.
Fletcher profit up 4%; revenue down at $8.4b
Fletcher profit up 4%; revenue down at $8.4b
Fletcher Building has reported a 4% increase in profit for its trading year to June - which takes into account a $32 million write-down from the sale of Pacific Steel and Hudson Building Supplies businesses.
Service sector takes off
Service sector takes off
Otago's service sector heads the country with a burst in expansion for July, underpinned by an uplift in tourism and the retail sectors.
Chatham Rock criticises EPA for report release
Chatham Rock criticises EPA for report release
The Environmental Protection Authority (EPA) has been criticised by marine consent applicant Chatham Rock Phosphate, for releasing a staff report on its application.
Mine to close; 35 jobs lost
Mine to close; 35 jobs lost
Depressed gold prices and the high dollar have been blamed for the closure of the privately owned Earnscleugh alluvial gold mine near Alexandra - stripping 35 jobs and millions of dollars from the local economy.
Freightways delivers record results
Freightways delivers record results
Freightways has delivered a record result and boosted dividend, following strong second-half trading which underpinned increased annual revenue and profit.