NZ health board contract welcome
NZ health board contract welcome
Cancer diagnostic company Pacific Edge has struck its first contract with a New Zealand health board to deliver its non-invasive bladder cancer tests.
Simon Hartley
Hubbard funds investors to receive $8m in latest payouts
Hubbard funds investors to receive $8m in latest payouts
The 623 investors in two private investment funds operated by the late financier Allan Hubbard are to receive a total of $8 million in the latest tranche of payouts, announced by statutory managers Grant Thornton yesterday.
Moa $3.6m operating loss in line with forecast
Moa $3.6m operating loss in line with forecast
Boutique beer company Moa Group produced operating earnings almost exactly in line with prospectus forecasts, but brokers were disappointed in a couple of areas.
Pacific Edge has loss but US beckons
Pacific Edge has loss but US beckons
Dunedin-based cancer diagnostic company Pacific Edge has booked its largest annual loss, $6.94 million, since listing on the stock exchange in 2003, but retains more than $10 million in the bank as United States operations are set to kick in.
Blis buys back shares
Blis buys back shares
Blis Technologies has tidied up its shareholder register, buying 9.67 million shares from small portfolio holders for about $110,000 in the past two months.
Blis needs investment - and soon - after further loss
Blis needs investment - and soon - after further loss
Dunedin biotech company Blis Technologies has posted its 12th consecutive loss since listing in 2001 and is now seeking a ''minimum'' $1 million from shareholders to fund its latest business strategy this financial year.
Mining appeals back in court
Mining appeals back in court
Coal mine developer Bathurst Resources is back in the High Court this week, contending the latest appeals against its mining permits on the Denniston Plateau, above Westport.
Toxinz a finalist in research commercialisation awards
Toxinz a finalist in research commercialisation awards
The 50-year-old National Poisons Centre in Dunedin is a finalist in the inaugural KiwiNet Research Commercialisation Awards.
Insurer creditor wait even longer
Insurer creditor wait even longer
Two years after the collapse of boutique Queenstown insurance company Western Pacific Insurance, creditors owed $67 million have been told the liquidators require at least another six months more to complete their task.
Denniston mine access approved
Denniston mine access approved
The Minister of Conservation has granted West Coast coal mine developer Bathurst Resources access to mine its Denniston plateau development, in return for a $22 million compensation package for a neighbouring area.
Investors back property company equity quest
Investors back property company equity quest
Propety company DNZ has raised $60 million in equity from a fully subscribed placement with institutional investors.
Further challenge possible
Further challenge possible
Environmentalists have accused the Minister of Conservation of pushing through a roading access agreement with West Coast coal mine developer Bathurst Resources yesterday, to avoid having to put the issue out for public consultation.
North Island shades South
North Island shades South
The South Island's performance in the services sector during April was overshadowed by a stronger North Island result, which reflected expansion in several areas.
DNZ Property Fund set to raise $80m of capital
DNZ Property Fund set to raise $80m of capital
Diversified commercial and retail property company DNZ Property Fund has announced an $80 million equity-raising plan, on the back of booking a more than 100% after-tax profit yesterday.
Fletcher shares up on update, rebuild work
Fletcher shares up on update, rebuild work
Fletcher Building shares were buoyed yesterday by an update on its divisions, in particular in relation to earthquake rebuilding work in Canterbury.
Poor showing in quarterly survey
Poor showing in quarterly survey
Otago's economy fared poorly in the latest ANZ regional trends quarterly economic survey, coming at the lower end of the 12 regions of the 14 which recorded back-to-back quarterly increases.
Tenders open; parties ramp up policies
Tenders open; parties ramp up policies
Political parties are rushing to begin their respective campaigns on deepwater oil and gas exploration around New Zealand as the latest round of offshore oil and gas block tenders opens on May 24.
Oceana includes first Didipio returns
Oceana includes first Didipio returns
Oceana Gold has formally moved to include gold and copper production from its newly commissioned northern Philippines mine on its balance sheet.
Fishing vessels divert to Dunedin
Fishing vessels divert to Dunedin
Tight space for fish exports at Timaru have prompted two Dong Won trawlers to visit Dunedin during the past week, discharging their cargoes before heading back to sea.
Third Dunedin restaurant closes
Third Dunedin restaurant closes
A third Dunedin hospitality outlet has been placed in voluntary liquidation, with initial estimates it owes creditors more than $400,000.