Solid Energy has confirmed it will seek resource consents to build a lignite conversion briquetting plant in Mataura, in Southland, as antagonists await local bodies' decision on whether the consents will be publicly notified.
A downgraded investment rating on the United States' long-term national debt prompted a tumble in world stocks and propelled spot gold prices close to a record $US1500 ($NZ1896) yesterday.
Scott Technology's dividend reinvestment plan is likely to please the shareholders who participated in it after the pricing was announced yesterday at $1.26.
Port Otago and its staff have raised $50,000 for Lyttelton's community in the wake of earthquakes which devastated many parts of the harbour township.
The New Zealand dollar touched a three-year high at just under US80c on Saturday, underpinned by strong commodity prices around the world.
A $32.3 million takeover offer to gain a controlling stake in campervan rental company Tourism Holdings Ltd prompted a more than 16% share spike yesterday.
South Canterbury Finance's three independent directors played a pivotal role in ousting company founder Allan Hubbard from the company's board last May.
The collapse of South Canterbury Finance last year appears to have been unavoidable, according to documents released by Treasury yesterday. But deletions in the documents prevent a more conclusive picture.
"Receivership appears to be the only alternative", insolvency specialists KordaMentha told the Treasury in a report just six days before South Canterbury Finance imploded into its billion-dollar demise.
The Securities Commission has launched an investigation into the 2006 promotion of the Credit Sails bonds scheme - which later collapsed and left investors $91.5 million out of pocket.
Receivers of failed South Canterbury Finance have made their first major sale with a Canadian company paying about $160 million for Helicopters (NZ) Ltd, It was an asset ceded to South Canterbury by the finance company's founder, Allan Hubbard.
Boutique Queenstown insurance company Western Pacific Insurance Ltd - placed in receivership a fortnight ago - owes almost $6 million to creditors and in unsettled insurance claims.
Listed Oceana Gold Corp expects to begin construction activities at its mothballed northern Philippines gold and copper development mine by mid-2011, with 80% of the process plant equipment purchased or ordered by then.
The success of juice manufacturer Charlie's - which has a $76 million market capitalisation - could be making the company an attractive takeover target, according to brokers at Craigs Investment Partners and Forsyth Barr.
Rising commodity prices and a New Zealand dollar - which has hit a two-month high of US78.3c - will continue benefitting New Zealand's economy, according to Reserve Bank governor Alan Bollard.
Fletcher Building is expecting a revenue boost to almost $10 billion for its full-year result, in the wake of its successful more-than-$1 billion takeover of Australian company Crane Group.
From modest, sole-charge beginnings in 2004 to employing seven registered nurses working in nine clinics across Otago and Southland, Ear Health Otago Southland Ltd, which has its headquarters in Dunedin, has prospered and grown.
Oil giant OMV New Zealand is sending positive signals on the potential for exploration drilling in Great South Basin, after altering work commitments which could include more ship-borne seismic acquisition or test drilling.
Queenstown-based Western Pacific Insurance Ltd - which has about 7000 policyholders around the country - has been placed in voluntary liquidation by its directors, over concerns about its solvency.
Inflation fears have helped send global spot gold prices to a record $US1457 ($NZ1889) in London, while silver hit a 31-year high of more than $US39 an ounce.
