Top executives and managers of listed Pyne Gould Corp - involved in establishing a New Zealand-owned "heartland" bank - have been rewarded with $1.8 million in shares, affecting both PGC and the heartland bank's holding company.
State-owned enterprise Solid Energy has chosen its former Mataura mine site as the preferred location for an up-to-$25-million demonstration briquetting plant.
The Reserve Bank's interest-driving official cash rate is predicted to remain unchanged at 3% on Thursday, despite predictions New Zealand's inflation may peak at 5% during the year.
Lifeguards circumnavigating New Zealand in two inflatable rescue boats (IRBs), covering more than 5000km, are scheduled to arrive at St Clair beach by about 2pm tomorrow, sea conditions permitting.
Manufacturing activity in Otago and Southland during December remained buoyant and the sector can take heart after showing positive signs for steady expansion during 2011.
Looming dividend payments during February and March offer investors a potentially "free" pick-up by buying stocks before the ex-dividend dates - but it remains an inexact science.
East Otago-based Oceana Gold has rejected allegations that it has fallen foul of the Commission on Human Rights in the Philippines at its development gold and copper mine in the northern part of the island group.
Shares in dual-listed Bathurst Resources have skyrocketed during the past seven weeks as the global price for specialist hard coking coal spirals to record levels in the wake of the Australian flooding disaster.
Otago farm sales in the three months to December reflected the national trend which delivered the highest median price of the year at $1.15 million.
Fletcher Building might have to dig deeper and boost its hostile takeover for control of Australian building and plumbing supply company Crane Group.
Listed clothing retailer Kathmandu is expecting to announce increased sales and earnings for its first-half performance to the end of January, underpinned by healthy Christmas and New Year trading.
Otago gold explorer and boutique producer Glass Earth Gold is looking to treble its gold production out of Otago this year and has secured the third and final tranche of $C4 million ($NZ5.2 million) in private placements for ongoing working capital.
Underpinned by tourism, listed Auckland International Airport's gateway status to New Zealand is forecast to deliver up to 19% of the country's economic growth within 20 years.
Oceana Gold is this year looking to increase the mine life of its mainstay New Zealand operations and again boost its estimated gold reserves across both its Macraes site in East Otago and at Reefton on the West Coast.
Defensive utilities stocks last year outperformed other options in the markets and ongoing low interest rates during 2011 will ensure utilities remain a focus for New Zealand investors.
Listed New Zealand Oil and Gas may get up to 50% - or $33 million - back from the business interruption insurance cover of Pike River Coal.
Queensland's flood costs are mounting dramatically as business sectors face weekly losses amounting to hundreds of millions of dollars and the revised clean-up bill has been estimated at more than $A10 billion ($NZ12.9 billion).
A $A740 million takeover offer by Fletcher Building has been rejected by the board of manufacturing and building materials supplier Crane Group in Australia.
Financial markets around the world are flat and jittery amid concerns over European debt as, in the coming week, Spain, Portugal and Italy seek a total 10.25 billion ($NZ17.3 billion) from standard bond issuances.
Fletcher Building's $A740 million ($NZ968.5 million) offer for manufacturing and building materials supplier Crane Group in Australia was revised yesterday, an upward move of A4c per share, which replaces a decline in value of Fletcher shares.
