Lakeview receivership 'tidying up'
Lakeview receivership 'tidying up'
Queenstown apartment developer Ross Wensley's company Lakeview Resorts Ltd has been placed in receivership.
Simon Hartley
Higher retail sales than expected
Higher retail sales than expected
Retail sales for the quarter to June were stronger than anticipated, but not enough to force the Reserve Bank to bring forward interest rate hikes, otherwise expected early next year.
Steel & Tube boosts revenue and profit
Steel & Tube boosts revenue and profit
Manufacturer Steel & Tube has posted boosted revenue and profit for its full-year result, in part due to its acquisition of Tata Steel (Australasia), from Indian steel giant Tata.
Not best time to buy a house
Not best time to buy a house
House prices appear set to continue rising but economists caution of a downturn later amid rising interest rates.
Nuplex posts 18% profit rise as Asia, Europe expansion continues
Nuplex posts 18% profit rise as Asia, Europe expansion continues
Paint and resin manufacturer Nuplex has posted an almost 18% gain in profit, and continues its expansion into crucial Asian and European markets.
Manufacturing stays flat in South
Manufacturing stays flat in South
Manufacturing across the country has been in expansion mode for 22 consecutive months now - but Otago-Southland has just booked a third consecutive month of contraction.
'Lacklustre' result no bar to big hotel plans
'Lacklustre' result no bar to big hotel plans
Undeterred in reporting a lacklustre full-year result yesterday, casino operator SkyCity has launched expansive plans for a new 12-storey, 300-bed hotel, with a string of hospitality and boutique outlets, in Auckland's CBD.
Chatham eyes London AIM listing
Chatham eyes London AIM listing
Seabed mine developer Chatham Rock Phosphate proposes to list on the London stock exchange's alternative AIM board at the end of the year, once it gets its marine consent from the Environmental Protection Authority (EPA).
House sales down 13%; price up 8%
House sales down 13%; price up 8%
Auckland and Canterbury continue to dominate New Zealand's housing market, while Queenstown and Dunedin reflect the more fickle and muted regional trends.
Ngai Tahu,Tainui buy Go Bus
Ngai Tahu,Tainui buy Go Bus
Nationwide carrier Go Bus has been bought for $170 million from an Australian private equity company in the latest joint venture between iwi Ngai Tahu and Tainui.
Summerset insists the future is rosy
Summerset insists the future is rosy
Rest-home operator Summerset, which plans four new villages during the next year, is adamant the sector has growth prospects for many years ahead.
Listings underpin 8% rise in NZX's earnings
Listings underpin 8% rise in NZX's earnings
Stock exchange operator NZX Ltd has reported a more than 8% increase in earnings, underpinned by a flurry of company listings, and has hinted more listings are yet to be announced.
'Mixed bag' likely from companies
'Mixed bag' likely from companies
A ''moderate level'' of earnings growth is expected from listed companies in the forthcoming reporting season, which starts with 12 of the 48 companies reporting this week.
Summerset's growth sparking interest
Summerset's growth sparking interest
Summerset's stellar growth and strong share price gains are coming in for sharp analyst and investor scrutiny as the retirement village operator embarks on its next phase of growth, with more than 2000 village units in the pipeline.
Absorbing, compelling true story
Absorbing, compelling true story
This is one of the most fascinating reads in recent times; a more-than-50-year-old celebrity cold case revisited in the 21st century.
Six parties in talks over buying hotel
Six parties in talks over buying hotel
At least six parties are in negotiations to potentially buy the Hotel St Clair in Dunedin.
A key component of any sale could possibly be redevelopment of a separate hotel-owned house property, next to the hotel on Beach St, which could be demolished to make way for an extension of 12 to 15 rooms.
Anadarko's oil exploration permit extended
Anadarko's oil exploration permit extended
Oil giant Anadarko has this week been granted a five-year extension for its exploration permit in the southern sector of the Canterbury Basin, north of Dunedin.
Property prices continue their rise
Property prices continue their rise
National residential property values continue to rise and are up 7.6% on a year ago - a result mirrored in Central Otago and Queenstown, but not in Dunedin.
Exchange will not cancel LPC trades
Exchange will not cancel LPC trades
The New Zealand stock exchange will not cancel almost $150,000 worth of trades in Lyttelton Port of Christchurch (LPC) shares which occurred this week, immediately after Port Otago announced it was selling its 15.5% blocking stake in its northern rival.
'Taiaroa' officially launched
'Taiaroa' officially launched
A bottle of Champagne smashing on the bow of Port Otago's new $11 million tug Taiaroa was the finale of the vessel's official launch and dedication yesterday.