Soft retail sales are expected to have a negative impact on Freightways' full-year result to be released today, with revenues and profit up but profit margins under increasing pressure.
Dental and medical specialist provider Abano Healthcare this week began fending off a hostile more than $100 million takeover bid, being led by one of its own directors.
Dunedin house values have bucked the national trend and declined during the past quarter, while Queenstown values are similar to Auckland.
Bathurst Resources says the Environment Court will issue consent for its Escarpment coal mine on the West Coast's Denniston plateau, but the saga appears far from over.
Former Dunedin lawyer John Milne faces 33 criminal charges over $2.8 million of clients' missing funds, following a year-long investigation by the Serious Fraud Office (SFO).
As Fonterra chief executive Theo Spierings was apologising to consumers and the New Zealand public over the infant formula contamination scandal yesterday, it emerged four batches of potentially tainted product had reached Hong Kong and Australia.
Oceana Gold is proposing a three-year development of a new pit for ore extraction to the north of its existing East Otago mine site, which could add a year to the mine's life.
Seabed phosphate mine developer Chatham Rock Phosphate has ''paused'' in its application for a marine consent until it clinches its separate mining licence.
The amount of A-grade commercial property for lease around Dunedin has plunged from almost 12% to just 4% of available stock, as businesses move into better earthquake-proofed premises.
The George St building in Dunedin which houses Farmers department store is for sale in separate $50,000 tranches, which could raise up $10.5 million.
Investors in two separate private funds of the late financier Allan Hubbard have this week been sent further repayments, which now total almost $52 million since the companies were placed in statutory management about three years ago.
Wage freezes are on the cards for Oceana Gold staff as the miner continues its company wide review, which has already found more than $US100 million ($NZ126.4 million) in cost reductions.
Two Calder Stewart commercial buildings worth several million dollars are taking shape in South Dunedin, as tilt-slab concrete panels are lifted and set in place.
More than 30 jobs have been created by several tenants in a popular central Dunedin commercial building, offsetting some of the job losses announced around the city recently.
Renting a budget hire car is now cheaper than hiring a taxi from Dunedin International Airport into the central city, as taxi fares climb towards the $100 mark for the one-way, 30km trip.
The historic 139-year-old waterfront Careys Bay Hotel near Port Chalmers is for sale for the second time since its more than $1.5 million redevelopment six years ago.
Speculation is mounting on the outcome of a business-wide review of all operations by Oceana Gold, one of Otago's largest employers.
Oceana Gold announced cutbacks at its Macraes mine yesterday as the company reduces operating expenditure by about $US100 million ($NZ125 million) over the next 18 months, as part of a company-wide review of operations.
Port Otago's annual ''corporate statement of intent'' gave Otago regional councillors the opportunity to update themselves on the port company's debt, dredging, dividend policy and future land developments at a council meeting yesterday.
A new dairy investment targeting farm-by-farm acquisition has been launched.
