Synlait in demand as share debuts
Synlait in demand as share debuts
Mid-Canterbury milk processor Synlait's share price leapt more than 20% on debut on the NZX yesterday, rising from the $2.20 issue price to trade at $2.80.
Simon Hartley
Southern exposure pays off for many listed companies
Southern exposure pays off for many listed companies
Sharemarket darling Ryman Healthcare has underpinned a fourth consecutive quarter of market capitalisation gains for South Island companies and the overall Deloitte index is up 47% for the year to June.
Payless now a power broker
Payless now a power broker
New entrant to Dunedin's residential and commercial electricity retail sector Payless Energy has already begun to move bigger players' prices in the highly competitive, and contentious, sector.
Listing brings $65m for spy software maker
Listing brings $65m for spy software maker
Intelligence, investigations and digital forensics spy software company Wynyard Group listed on the New Zealand stock exchange yesterday, having raised $65 million in its initial public offering (IPO).
Occupancy, revenue look up for hotels
Occupancy, revenue look up for hotels
Hotel occupancy and revenue has climbed around the country during past five months, with Queenstown recovering from its loss of visitors from Europe, the United States and Japan.
Capital bid $2.4m short of minimum
Capital bid $2.4m short of minimum
Seabed phosphate explorer Chatham Rock Phosphate has raised a disappointing $1.58 million in its long-postponed initial public offering, having sought between $4 million and $10 million.
Jade adds US port to 34-site global network
Jade adds US port to 34-site global network
Christchurch's Jade Software Corp has added another large United States port to its expanding global network.
NZX asks Xero to explain tumble
NZX asks Xero to explain tumble
Online accounting software company and ''sharemarket darling'' Xero has shed more than $400 million in market capitalisation during the past week, following its meteoric rise to a more than $2 billion company earlier in the month.
More coal job losses at Stockton
More coal job losses at Stockton
Solid Energy has signalled further redundancies at its Stockton mine in the face of an ongoing decline in global coal prices.
CPI effectively higher for low-income homes
CPI effectively higher for low-income homes
The continuing low rate of inflation will keep pressure on the Reserve Bank to hold the interest-setting official cash rate (OCR) at its all-time 2.5% low.
Mining consents closer, lobby groups amalgamate
Mining consents closer, lobby groups amalgamate
The second of several live legal challenges against West Coast hard-coking mine developer Bathurst Resources has been set aside, this time from a High Court decision.
South leads gain in service sector
South leads gain in service sector
The service sector is maintaining positive growth this year, with the performance index for June remaining in expansion, led by the South.
Low June-quarter inflation, then rises, tipped
Low June-quarter inflation, then rises, tipped
Inflation is expected to come in under the Reserve Bank's target range of 1%-3% for the fourth consecutive quarter today, but the news comes with a warning inflation pressure is building.
Coking-coal price impact severe
Coking-coal price impact severe
Specialist hard-coking coal prices around the world bode ill for likes of debt-laden Solid Energy and litigation-bound Bathurst Resources, and their respective West Coast operations.
Record fuel prices could increase yet again
Record fuel prices could increase yet again
Motorists already soaking up record petrol prices in New Zealand will have to wait and see if they go up further after global crude oil prices hit 15-month highs this week.
Investors given claim extension
Investors given claim extension
Former clients of disgraced Dunedin lawyer John Milne have been granted a time extension, should they decide to lodge a claim with the New Zealand Law Society for their share of almost $3 million of missing funds.
Work to begin on village centre
Work to begin on village centre
The $40 million Summerset at Bishopscourt retirement village in Dunedin is 80% complete in some areas.
Bathurst shares bounce
Bathurst shares bounce
Shares in litigation-bound West Coast coal mine developer Bathurst Resources have almost doubled during the past fortnight, rising from a record low 13c last month to trade around 22c yesterday.
Restaurant completely refurbished
Restaurant completely refurbished
The reopening of St Clair's Esplanade Restaurant has been postponed until next month, while refurbishment designs are still being worked on for the nearby Neptuno Restaurant.
House values up 7.6%
House values up 7.6%
New Zealand house prices continue to rise, pushing through the last peak seen in late 2007. Residential values increased 7.6% during the past year, with a 2.8% rise over the past three months, according to data released by Quotable Value (QV) yesterday.