Greenstone Energy rebranding
Greenstone Energy rebranding
Greenstone Energy - which owns and operates 220 Shell service stations around the country - is rebranding itself in a business launch next Wednesday.
Simon Hartley
Slight fall in unemployment
Slight fall in unemployment
A rise in the number of part-time employees in the March quarter has underpinned a slight fall in unemployment from 6.7% to 6.6%, with the total now unemployed falling by 2000 to 155,000.
New plan despite company failure
New plan despite company failure
Failed Dunedin businessman Paul Nicholson - whose private investment company Hurricane House is in liquidation owing $4.2 million - has just incorporated a new company.
Bathurst Resources raises $74.6 million of capital
Bathurst Resources raises $74.6 million of capital
Bathurst Resources has successfully completed a $A55 million ($NZ74.6 million) capital-raising and yesterday resumed trading on the stock exchange.
L&M signals busy work programme
L&M signals busy work programme
Dual-listed coal-bed methane gas explorer L&M Energy has signalled a busy 2011 work programme covering its wide-ranging tenements in Otago, Southland and Taranaki.
Bathurst adds to stake on the Coast
Bathurst adds to stake on the Coast
Hard coking coal miner Bathurst Resources has more than doubled the size of its West Coast development tenements to 540ha, underpinned by a $A55 million ($NZ74.6 million) institutional share placement yesterday.
Kathmandu posts 30% rise in sales
Kathmandu posts 30% rise in sales
Outdoor retailer Kathmandu's sales increased more than 30% for the quarter ended May 1, underpinned by Easter promotional sales and fine weather.
Glass Earth sees more revenue
Glass Earth sees more revenue
Exploration company Glass Earth Gold is forecasting "significant" revenue increases this year from its boutique mining operation in Otago - with more than $C4.4 million ($NZ5.7 million) cash on hand for 2011 operations.
Solid Energy sales increase with stronger export demand
Solid Energy sales increase with stronger export demand
State-owned enterprise Solid Energy's coal sales have passed 3 million tonnes for the year to date, and are up 18% for the quarter to March, underpinned by rising commodity prices. At the end of March, Solid Energy paid a $20 million dividend to the Crown.
$2 million business park by end of the year
$2 million business park by end of the year
A $2 million business park is due to be completed in Dunedin by the end of the year.
Contact seeks to raise $350 million
Contact seeks to raise $350 million
Contact Energy is seeking to raise $350 million - in part to fund a new geothermal 166-CT megawatt (MW) power station in the North Island - through a one-for-nine renounceable rights issue to shareholders.
Ballylinch's takeover offer opportunistic, broker says
Ballylinch's takeover offer opportunistic, broker says
A $32.4 million takeover offer for Tourism Holdings has been criticised as too low, as New Zealand-based investment company Ballylinch seeks to take its stake from 19.1% to beyond 50%.
L&M nearly ready to start producing electricity from gas
L&M nearly ready to start producing electricity from gas
Southern coal seam gas explorer L&M Energy is a step closer to producing electricity from gas production, with its Ohai pilot project site scheduled to begin generation in early May.
Bathurst pleased with submissions
Bathurst pleased with submissions
West Coast newcomer Bathurst Resources could begin open-cast coal-mining operations by the end of the year if its 24 resource consent applications - due to heard on June 7 in Westport - are granted.
Overseas takeover offers arrive
Overseas takeover offers arrive
Separate takeover offers - from China and Singapore - are ramping up for listed agricultural companies PGG Wrightson and New Zealand Farming Systems Uruguay (NZFSU).
Western cancels insurance policies
Western cancels insurance policies
Failed Queenstown company Western Pacific Insurance has cancelled 7000 insurance policies, and its ability to pay the claims of Christchurch quake victims remains unknown until overseas reinsurers settle their payouts.
Christchurch businesses seek rentals
Christchurch businesses seek rentals
Christchurch businesses are making a tentative appearance in Dunedin, two months after the 6.3-magnitude earthquake which wiped out many retail and commercial premises.
Tourism Holdings appoints advisers
Tourism Holdings appoints advisers
Tourism Holdings Ltd, at present under a $32.3 million takeover bid, has appointed an independent advisory company to consider the offer.
Gold above $US1500
Gold above $US1500
Global spot gold prices have, for the first time, exceeded $US1500 ($NZ1884) an ounce, as inflation in Asia and the magnitude of the United States Government debt continues to worry investors.
Investment helped profit: PharmaZen
Investment helped profit: PharmaZen
Biotechnology company PharmaZen, which was founded in Dunedin, has credited investment in a new plant for underpinning increased volume, revenue and before-tax profits for its year's trading to December.