Fletcher’s worth plunges $970m in week
Fletcher’s worth plunges $970m in week
Fletcher Building’s market capitalisation has plunged more than $970 million this week, as investors rid themselves of the troublesome stock.
Simon Hartley
Trade Me negotiating $2.5b takeover offer
Trade Me negotiating $2.5b takeover offer
Internet auction website Trade Me is negotiating with global private equity firm Apax Partners over a 100%, $2.54billion takeover offer.
Dairy Trade auction slides again
Dairy Trade auction slides again
The latest 3.5% decline in Fonterra's fortnightly Global Dairy Trade auction brings the cumulative fall in the average price to 25% since May.
Australian downturn helps drag Fletcher down
Australian downturn helps drag Fletcher down
Fletcher Building has downgraded its full-year earnings before interest and tax (ebit) by 10%, or about $20million, according to analysts.
Steel & Tube, watchdog appeal fine
Steel & Tube, watchdog appeal fine
Two separate court appeals have been launched over Steel & Tube's record $1.88m fine last month - the Commerce Commission is appealing the sentence, while the steel manufacturer and distributor wants the fine reduced.
A2 Milk away to a 'strong' start
A2 Milk away to a 'strong' start
The a2 Milk Co says strong growth continued in the past four months and it remains sanguine about regulatory changes in China.
Southern services sector 'steady'
Southern services sector 'steady'
Otago and Southland's services sector maintained a "steady pace'' during October and was well ahead in expansion compared with the country's other three regions.
Confidence, but risks in trade arena
Confidence, but risks in trade arena
Manufacturing in Otago and Southland continues its strong run in October, but escalating US-China trade tensions, Brexit issues and friendly trade deals are coming into sharp focus.
‘Cold war’ could force choice
‘Cold war’ could force choice
The country’s agricultural sector is being advised to look for alternate trading markets as the developing "cold war" between the US and China worsens.
Sanford reports 12.9% profit
Sanford reports 12.9% profit
Challenging ocean climatic conditions undermined Sanford’s seafood harvesting last season, including a marine heatwave and algal blooms.
Mortgage war may boost house prices
Mortgage war may boost house prices
A mortgage war between banks - and rates at low levels not seen since post World War 2 - could fuel rising house prices further, especially in the South.
Award-winner Blue River Dairy fourth on Fast 50 index
Award-winner Blue River Dairy fourth on Fast 50 index
Blue River Dairy appears set to cement its place in the Deloitte Fast 50 index, given it expects to double its exports next year - to 15 million cans of infant milk powder.
Record median house prices in Otago, Dunedin
Record median house prices in Otago, Dunedin
Southern regional median house prices have taken off again, Otago and Dunedin hitting record prices of $480,000 and $430,500 respectively.
Blue River Dairy leads southern rankings
Blue River Dairy leads southern rankings
Southern businesses are well represented in the annual Deloitte Fast 50 growth companies, and more so in its Master of Growth division.
Strong first-half result for Mainfreight as revenue rises 16%
Strong first-half result for Mainfreight as revenue rises 16%
Bellwether global transport and logistics company Mainfreight has delivered a strong first-half result, especially from New Zealand and European operations.
Infratil lifts guidance by $40m
Infratil lifts guidance by $40m
Diversified infrastructure investment company Infratil has reported an improved first-half performance and upgraded its earnings guidance by $40 million for its full year.
SLI heads suggest accepting takeover
SLI heads suggest accepting takeover
The independent directors of takeover target SLI Systems have recommended shareholders accept the $40 million offer from software investor Texas-based ESW Holdings.
60% coverage for Cxbladder test access in New Zealand
60% coverage for Cxbladder test access in New Zealand
More han 60% of the country's population now has access to Pacific Edge's diagnostic bladder cancer tests, with the latest signing of another district health board.
Market edges closer to a buyer’s
Market edges closer to a buyer’s
House-price growth may have peaked across much of the country as the housing market edges closer to becoming a "buyer’s market", ASB chief economist Nick Tuffley says.
Case of in with the new on campus
Case of in with the new on campus
Changes to housing investment are yet to fully bite. Simon Hartley talks to Matt Morton, from Colliers International, about the possible effects on Dunedin's campus area.