The receivership of Algie Agencies, the company that saved the 40-year-old Dunedin-founded Tamahine Knitwear 20 months ago, has spilled over into debts of more than $4 million to finance companies, and to creditors both secured and unsecured.
South Canterbury Finance - still in the middle of restructuring and capital raising under a new chief executive - has signalled the major South Island financier will report an unspecified loss for the six months trading to December.
The Dunedin Staxs clothing store, one of 10 Staxs affected by the receivership of Topsco International NZ Ltd, closed its doors in the Meridian Mall on Monday as a potential buyer was unable to strike a new rental deal.
Wages and salaries during 2009 recorded the lowest growth in eight years - just 1.8% - continuing a 15-month decline since wage growth peaked at 4% in the quarter to September 2008.
Jasons Travel Media is enlisting the help of southern tourism businesses to promote "off the beaten track" regional attractions, in a revamp of its website and marketing strategies.
Telecom boss Paul Reynolds apologised today for the "appalling'' three-day Telecom XT mobile outage last week, and outlined a compensation package worth almost $5 million.
Farm workers' average overall wages and benefit packages are about 10% higher than annual urban wages, but Federated Farmers is cautioning farm debt may temper rural wage growth "in the foreseeable future".
Overall monthly commodity prices were up for the 11th consecutive month for January, but the dairy index recorded its first fall in seven months.
Clothing retailer Hallenstein Glasson has bucked the weak retailing trend to forecast a 50% increase on its half-year after-tax profit, plus a 40% dividend boost for its shareholders.
North Island-based Summerset retirement homes has bought a 1.8ha block of land in Dunedin for $1.4 million as its entry point into the South Island.
Listed Glass Earth Gold is working towards commissioning a second gold-recovery unit for use at one of its three Ida Valley prospects in Central Otago, where the firm has been recovering alluvial gold for the past five weeks.
The future of failed Dunedin bio-tech company Botry Zen, placed in receivership a month ago, will likely be known by the end of next month, according to Dunedin receiver WHK.
Southern-listed companies' market capitalisation increased a huge 17.7% - or by $614 million to $4 billion- for the quarter to December last year, but largely on the back of a total almost $450 million raised by Pyne Gould Corp and PGG Wrightson.
Dunedin-based Pacific Edge Biotechnology Ltd is forging ahead to commercialise its bladder cancer test, and its preferred funding option is to ask existing shareholders for some of up to $6 million estimated for the task.
Two Dunedin companies face a huge task to set up graphics coverage for the multihull battle between America's Cup challenger Oracle and Swiss defender Alinghi next month, off Valencia's coast in Spain.
Cafes, restaurants and accommodation made a strong showing in the BNZ-Business New Zealand performance-of-service index for last December, and in spite of month-on-month declines, the sector remains in a positive expansion mode.
Final decisions on the future of the Dunedin City Council library and redevelopment proposals for its relocation to the former chief post office in the Exchange are expected by mid-year.
New Zealand's resource sector has reported a mainly positive year of growth around New Zealand in 2009, and swelled Treasury coffers with a 470% increase in royalties to $519 million, but the Government's decision to review its overall mineral resources, at the potential cost of some conservation areas, signals a difficult year ahead.
Specialist West Coast hard-coking coal operator Pike River Coal expects its first shipment of 20,000 tonnes of coal - worth about $3.4 million - to be exported from Lyttelton next month.
Triple-listed East Otago miner Oceana Gold delivered record gold sales of more than 300,044oz of gold from its New Zealand operations in 2009 - a 14% increase on the previous year's production from its Macraes and Reefton operations.
