Bill seeks to make ports transparent
Bill seeks to make ports transparent
Ports around the country - which are excluded from Official Information Act requests - could see that challenged soon.
Simon Hartley
Shipping giant Maersk back in black
Shipping giant Maersk back in black
Global shipping giant Maersk is back in the black after turning around a second quarter loss last year of $US95 million ($NZ118.1 million) into a $US227 million profit for its second quarter trading to June.
Investigations proceeding
Investigations proceeding
Three separate complaints about Dunedin lawyer John Milne are being investigated by the Otago branch of the New Zealand Law Society, but no date has been set for a hearing before a disciplinary tribunal.
Hope in face of Pegasus receivership
Hope in face of Pegasus receivership
Central Otago-based property developer Bob Robertson's hopes the receivership of his Pegasus Town Ltd - which is developing the sprawling Pegasus township north of Christchurch - can be reversed by next week.
Revenue drop sparks review
Revenue drop sparks review
A likely $200 million revenue slump for state-owned enterprise Solid Energy has sparked a wide-ranging review of all its operations.
Manufacturing remains flat
Manufacturing remains flat
Slow sales and poor retail sector performance have left manufacturing in Otago and Southland "flat" and hovering around contraction now for several months.
Christchurch repair and rebuilding gradually moves into gear
Christchurch repair and rebuilding gradually moves into gear
Almost $1 billion has been spent during the past nine months on residential and commercial rebuilding in Christchurch, but the "overwhelming majority" of quake-affected property owners are waiting for work to begin.
Heartland questions fees paid by Victoria
Heartland questions fees paid by Victoria
Finance provider Heartland New Zealand yesterday raised questions about fees paid by the Victoria Property Fund to its management company before the fund's recent collapse.
Goodman still 'a story of recovery'
Goodman still 'a story of recovery'
Food manufacturer Goodman Fielder - engaged in a major restructuring project - has posted a 28% decline in normalised after-tax profit, but has reined in debt and raised further equity.
Heartland bank decision expected in November
Heartland bank decision expected in November
Listed finance provider Heartland New Zealand has said it expects to know by November if it has been successful in its application to the Reserve Bank to become a registered bank - its aim for the past 17-months.
Slow growth in key sectors for Steel & Tube dampen profit margin
Slow growth in key sectors for Steel & Tube dampen profit margin
Minimal growth in the steel supplier Steel and Tube's key sectors of construction, manufacturing and rural supply has prompted a 23% slump in annual profit for the year, down from $17 million to $13.1 million.
Buyers swayed by interest rates but still cautious
Buyers swayed by interest rates but still cautious
Low mortgage rates have attracted first-home buyers, investors and developers back into the property market and national property values up 4.6% during the past year.
Europe trade cuts Mainfreight profit
Europe trade cuts Mainfreight profit
Poor trading in Europe undermined gains elsewhere around the world for bellwether logistics company Mainfreight, which has booked a more than 15% decline in after-tax profit.
NZCU South closing five branches in South Island
NZCU South closing five branches in South Island
A declining loan book and static membership in the Dunedin-headquartered credit union NZCU South has prompted the shock closure of five South Island branches and the likelihood of 17 redundancies.
Leaders divided over repercussions of credit union branch closures
Leaders divided over repercussions of credit union branch closures
Southern business leaders and politicians have delivered mixed views on the imminent closure of NZCU South credit union branches in mainly small towns throughout the South Island.
Upgrade for metal recyclers' Wharf St site
Upgrade for metal recyclers' Wharf St site
Dunedin metal recyclers Sims Pacific Metals is spending $750,000 upgrading its Wharf St yard after increasing its footprint 50% recently to 6000sq m.
Investors may get payout
Investors may get payout
The 336 southern investors left $4.9 million out of pocket from the failure of St Kilda Finance almost four years ago may get back 34c to 39c for each dollar they invested.
Govt, council to brief residents on plans
Govt, council to brief residents on plans
Northern Southland is being targeted as a potential oil and gas exploration area and the Government and Environment Southland are to brief Waimea Valley residents next week.
Port hub to extend container capacity
Port hub to extend container capacity
Port Otago is expanding its footprint around Dunedin to increase its warehousing and container-handling capacity - with developments and plans under way for Sawyers Bay, Dunedin and a major hub in Mosgiel.
Failed insurer's S&P rating withdrawn
Failed insurer's S&P rating withdrawn
Failed Queenstown boutique insurer Western Pacific Insurance, which owes more than $65 million to unsecured creditors, has had its credit rating withdrawn for having been in liquidation for more than 13 months.