The effects of plunging global commodity prices will be high on the agenda of New Zealand's annual mining conference this week, with hundreds of New Zealand jobs shed during the past year and all companies under operational reviews.
The first offering for direct public investment into a dairy farm is out of the starting gate, having raised a minimum $2 million required, triggering the unconditional purchase of the Mid-Canterbury farm.
Dunedin-based cancer diagnostic company Pacific Edge could possibly break even this financial year, but its board is boldly predicting United States sales of $100 million in five years.
Momentum in Christchurch's reconstruction has underpinned a full-year result for Fletcher Building slightly above brokers' expectations, but work in Australia and the United States remains sluggish.
Construction lag times may be over for Fletcher Building, as positive signs of growth show in Christchurch's rebuild and more homes being built in Australia.
Otago and Southland's services sector activity edged up slightly last month, providing the best national July result in the six years the BNZ Business New Zealand survey has been undertaken.
Redundancies at Oceana Gold - whether from a sweeping company review or separate collective contract negotiations - appear inevitable.
Despite less sales revenue, construction bellwether company Steel and Tube booked an almost 20% increase in after-tax profit, underpinned by impetus in Canterbury's rebuild.
West Coast specialist coking coal mine developer Bathurst Resources has bought a small thermal coal mine near Christchurch.
Local collaboration and work diversification are key elements for listed Scott Technology's success in expanding into global markets, from its base in Dunedin.
Manufacturing in Otago and Southland has stabilised during the past three months and remains in expansionary mode, but not all sub-sectors are benefiting and further expansion may be under threat.
Listed beer brewer Moa may find itself in jam from the ongoing effects of its 30% sales revenue downgrade, which is expected to ripple through its accounts for the rest of the financial year.
Job losses at Solid Energy continue, with a second round of redundancies at the Huntly East underground mine in the Waikato yesterday, slashing numbers by more than 90 to 86.
Expressions of interest are being sought for a three-storey beachside apartment block, worth up to $7 million, at St Clair's Esplanade in Dunedin.
Port of Tauranga's move to take a 50%, almost $22 million, stake in Timaru's ailing PrimePort will increase competition for containers exported by Port Otago and Lyttelton Port of Christchurch.
In a surprise move, Port of Tauranga yesterday announced plans to take a 50% stake in Timaru's flagging PrimePort, with a view to feeding South Canterbury produce to Tauranga for export.
Shares in boutique beer brewer Moa plunged almost 30% yesterday in response to the company downgrading its New Zealand sales expectations by 30%.
Otago median house prices for July surged more than 8% to hit a record $266,800 as sales volumes for the month rose by 16.5%.
Freightways has met its earlier financial guidance by reporting increased revenues and profits for the full year to June, but expects slow growth in the year ahead.
The first offering for direct public investment into a dairy farm is out of the starting gate, having raised a minimum $2 million required, triggering the unconditional purchase of the Mid-Canterbury farm.
