Anadarko's drill decision by October
Anadarko's drill decision by October
Anadarko expects that by October it will be in a position to make a decision on whether it will undertake further test drilling off the Otago coast, or not.
Simon Hartley
$1m claim upheld against former Fitzroy owner
$1m claim upheld against former Fitzroy owner
A claim of a more than $1 million debt against one of the former owner-operators of the Fitzroy Pub on the Park has been upheld in the High Court at Dunedin.
Bell Tea building offered for sale
Bell Tea building offered for sale
Dunedin's distinctive Bell Tea building is on the market, along with the Bell Tea and Coffee Company's several premises in East Tamaki, Auckland.
THL to 'meet or exceed' profit guidance; debt down
THL to 'meet or exceed' profit guidance; debt down
Listed Tourism Holdings Ltd has advised it expects to ''meet or exceed'' earlier profit guidance and debt repayment is ahead of expectations.
First Dreamliner arrives
First Dreamliner arrives
The first of 10 of Air New Zealand's long-haul Boeing 787-9 Dreamliners arrives in the country from Seattle on July 11.
NZOG, Genesis reach agreement over Kupe
NZOG, Genesis reach agreement over Kupe
New Zealand Oil & Gas has settled a decades-old oil field royalty claim with Genesis Energy, which will initially boost annual profit by $5 million.
Bupa's growth in South continues
Bupa's growth in South continues
International aged-healthcare company Bupa is continuing its southern expansion, having received Overseas Investment Office approval for its $4.18 million purchase of land in Invercargill.
New revolving credit for Oceana Gold
New revolving credit for Oceana Gold
Oceana Gold has negotiated a new $200 million revolving credit banking facility, with an eye to paying off more debt.
Building boost in South Island
Building boost in South Island
New building consent numbers were generally flat around the country during May, but the South Island, Otago and Canterbury all reported gains ranging from about 20%-40%.
Cutting-edge machine boon for kitchen business
Cutting-edge machine boon for kitchen business
Home renovations around Otago are providing Dunedin-based Kitchens for Less with a huge incentive for expansion, and last week it installed a state-of-the art, fully automated cutting, drilling and routing machine.
Rhetoric upsets forestry industry
Rhetoric upsets forestry industry
Forestry is swiftly moving from a log boom to bust - with hundreds of jobs at risk - and politicians should not be arguing over whether to salvage West Coast logs felled by a cyclone, industry leaders say.
Queenstown third-least affordable
Queenstown third-least affordable
Home affordability took a turn for the worse in May - and Queenstown was among the top three areas which were the least affordable.
Not in race to deepen shipping channel
Not in race to deepen shipping channel
Port Otago does not expect to be forced into a race with competitor Lyttelton Port of Christchurch (LPC) over their respective plans to deepen shipping channels, with the possibility of larger container vessels coming to New Zealand in the near future.
Little change for Port Otago
Little change for Port Otago
An exporting alliance proposed by Fonterra and Silver Fern Farms with the ports of Tauranga and Timaru may have some ramifications for Port Otago.
Bigger ships expected
Bigger ships expected
Visits by larger container ships are on the horizon following commitments made by freight company Kotahi to the Port of Tauranga, Timaru's PrimePort and the world's largest shipping company, Maersk.
Tiwai smelter again in red, despite $30m government handout
Tiwai smelter again in red, despite $30m government handout
Despite a $30 million government handout to Tiwai Point aluminium smelter owner Rio Tinto during the past year, the plant's full-year result again plunged into the red.
SBS focus growth in Auckland
SBS focus growth in Auckland
Auckland's growth potential is the focus for Invercargill-based SBS Bank, which has launched into the northern market with an expanding internet banking service.
Timber operation sold
Timber operation sold
The receivers of Southern Cross Forest Products have sold the Thames operations for an undisclosed sum and further redundancies on the cards.
Warm weather woes hit retailer
Warm weather woes hit retailer
A Kathmandu earnings downgrade is reflecting not only increasing retail competition and the high New Zealand dollar, but some belt-tightening as household debt remains high.
Hirepool withdraws IPO amid pressure on price
Hirepool withdraws IPO amid pressure on price
In a surprise move, Hirepool cancelled its initial public offering (IPO) of up to $262 million yesterday.