$200k grant for hub feasibility study
$200k grant for hub feasibility study
A proposed new Dunedin engineering hub has secured $200,000 government funding to undertake a feasibility study, with a goal of hundreds more jobs for the city.
Simon Hartley
Jobs not at risk in Farra restructure
Jobs not at risk in Farra restructure
A restructuring at Dunedin's Farra Engineering is unlikely to displace any of the 154 staff employed in Dunedin or Christchurch.
House buyers turn to Dunedin, Southland
House buyers turn to Dunedin, Southland
Annual growth rates in house values around Otago and Southland continue to climb, but growth over the most recent quarter reveals an easing to 3% or less for most places.
Weak NZ dollar offsets falling prices, but uncertainty ahead
Weak NZ dollar offsets falling prices, but uncertainty ahead
A weak New Zealand dollar continues to cushion falling commodity prices, but concerns are mounting there could be a faster than expected deceleration in global growth.
Overall GDT prices fall 0.7%
Overall GDT prices fall 0.7%
Overall prices in Fonterra's Global Dairy Trade auction this week fell 0.7% to their lowest levels since October 2016.
Land use concerns farmers
Land use concerns farmers
Foresters and farmers are casting a wary eye over the Productivity Commission's wide-ranging report on NZ meeting its climate change target; especially the required annual forest planting rate of 100,000ha.
Steel & Tube year result ‘nothing new’
Steel & Tube year result ‘nothing new’
Steel & Tube's full-year result last week held no surprises for brokers, with most focused on the year ahead as restructuring measures ripple through the steel manufacturer and supplier.
Genesis posts rise in earnings, revenue
Genesis posts rise in earnings, revenue
The country’s largest power retailer has posted increased revenue and operating earnings, but analysts are looking closely at the effects of numerous "one-off’’ gains of Genesis Energy.
Region’s economy above 5-year average
Region’s economy above 5-year average
Otago's economy remains "significantly" above its five-year average, but expected declines in house prices could prompt a drag on household spending.
Bid to mine seafloor goes on
Bid to mine seafloor goes on
Aspiring seabed miner Chatham Rock Phosphate is continuing its bid to gain a marine consent from the Environmental Protection Authority (EPA) to mine off the South Island's east coast.
Drop in building consents for Otago but value rises
Drop in building consents for Otago but value rises
Auckland has surged ahead of the country with its residential building consents for July, while Otago had a flat result in both value and numbers.
Filleul St units selling well
Filleul St units selling well
A $10 million apartment block in central Dunedin is back on track for completion by April next year, with only a ''handful'' of the 25 apartments as yet unsold.
No dividend from Bathurst due to claim
No dividend from Bathurst due to claim
Coal miner Bathurst Resources will not pay a dividend this year, the cash being held in reserve in case a claim against it in the courts for $60.4 million is successful.
Another record THL profit
Another record THL profit
Australasian and US camper van and tourism operator Tourism Holdings posted another record after-tax profit of $37.5million for its year to June.
Cautious reaction to business advisory council
Cautious reaction to business advisory council
Prime Minister Jacinda Ardern's announcement of a new business advisory council got a warm to lukewarm reception from national and southern business groups.
Michael Hill profit plunges on exit, closure costs
Michael Hill profit plunges 86% on exit, closure costs
Michael Hill Jeweller has seen its annual profit plunge almost 86%, after exiting the US and its Emma & Roe outlets cost the jewellery retailer more than $34m during the past year.
NZOG to start financial year with $98m
NZOG to start financial year with $98m
Explorer New Zealand Oil & Gas starts its new financial year with a $98million war chest and Government assurances its exploration permits off the Otago and Southland coasts will not be...
$4.44b annual trade balance highest in nine years
$4.44b annual trade balance highest in nine years
New Zealand's annual trade balance has hit a nine-year high of $4.44 billion, with export volumes stronger than expected by the market.
Port profit rises 14% to $9.66m
Port profit rises 14% to $9.66m
Record cargo handling and growth in bulk cargo have underpinned a 14% boost to South Port's after-tax profit of $9.66million for the year to June.
Contrasting financial years for country's largest ports
Contrasting financial years for country's largest ports
The full year to June financial results for New Zealand's two largest ports were poles apart, with the Port of Tauranga posting a 13% profit gain while Christchurch's Lyttelton Port Company's...