Weakness in manufacturing and home-building data, including a 40% drop in construction from its peak two years ago, reflects a lack of traction in New Zealand's attempts to claw its way out of recession.
An application to have a company of fashion designer Tanya Carlson placed in liquidation has been withdrawn from the High Court at Dunedin following payment of a $4000 debt, and costs.
An application to the High Court at Dunedin by Maniototo farmer Ewan Carr to have former business partner Rodney Humphries placed in bankruptcy over claims of a $283,000 debt will be heard next year.
There has been a marked increase in the number of companies wanting to exhibit in the 2010 Otago Home Show in February, with more than 100 already signed up.
Four jobs have been cut at Dunedin exporter Farra Engineering following the loss of a multimillion-dollar contract recently.
Southern investors in failed private investment company Hurricane House are due to get a first "interim dividend" next week - a tentative 2.5c in the dollar payment, which had appeared highly unlikely following Hurricane's $8.5 million collapse in March.
isted Scott Technology was bullish to shareholders yesterday on its year ahead, outlining a potential $40 million of work under negotiation and more than $20 million of projects at present under contract.
Gold passed through a record $US1200 ($NZ1654) per ounce in New York as investors digested the $US60 billion ($NZ88.3 billion) debt burden of the Persian Gulf conglomerate Dubai World, which requires radical restructuring and faces potentially huge losses on global property investments.
Ritchies bus services is to invest $21 million buying 120 new buses to boost its nationwide school bus fleet during the next four years.
Algie Agencies Ltd, which gave Tamahine Knitwear an 11th-hour lifeline when it closed in mid-2008, has been placed in receivership.
Trading of Oceana Gold shares on the Australian stock exchange has been at almost double average volumes on each of the past 10 days as New Zealand's largest gold miner enjoys record global spot prices.
The sale of plant, equipment and land in the $6.7 million Faulks Enterprises receivership in Queenstown has been concluded, but negotiations with buyers are still under way, according to Dunedin receivers Deloitte.
Glass Earth Gold's working capital has shrunk below $1 million for the first time since its October 2006 dual listing on the Toronto and New Zealand stock exchanges, after the company spent more than $24 million in that period on exploration around the country, mainly in Otago.
Dunedin gas fire manufacturer and exporter Escea New Zealand opened its new $4 million-plus Green Island premises yesterday with about 200 guests from around New Zealand and Australia.
Fisher & Paykel Appliances delivered a double-whammy of downgrades yesterday, prompting an angry sell-down of its stock by disappointed investors.
Global spot gold prices are edging closer to $US1200 per oz after hitting a new high of $US1192.55 during Asian trading yesterday.
Four new highs were hit over 24 hours between exchanges in London, Asia and New York, before noon in New Zealand yesterday.
Otago fared exceptionally well with increasing employment and tourism guest nights for the quarter to September, but its overall regional performance was lacklustre among the country's 16 regional council areas.
Listed West Coast hard coking coal specialist Pike River Coal is not expected to reach full production until late June next year, about the same date a bond timeframe extension is expected to come into play, Craigs Investment Partners broker Peter McIntyre says.
A tranche of commercial properties around the South Island has gone under the hammer in Dunedin, with all nine selling for a total $5.7 million.
A flight of steps to the front door of his Stuart St terrace home is all that separates barista Lawrence Carlin from his customers.
