Another record for Oceana
Another record for Oceana
Oceana Gold shares have risen almost 30% during the past fortnight as global spot gold prices hit at least their sixth record high this month.
Simon Hartley
Another record for Oceana
Another record for Oceana
Oceana Gold shares have risen almost 30% during the past fortnight as global spot gold prices hit at least their sixth record high this month.
Coffee company in $1m push into Dunedin
Coffee company in $1m push into Dunedin
Coffee entrepreneur Mike Allpress is forging ahead with two major projects costing up to $2 million - an expansion into Dunedin and a flagship international entry venture in London's East End next year.
Farra job losses possible
Farra job losses possible
Up to four jobs could be lost at Dunedin exporter Farra Engineering following cancellation of a $1.8 million contract and the "recession in general", according to chief executive John Whitaker.
Fashion label unaffected by liquidation request: designer
Fashion label unaffected by liquidation request: designer
Designer Tanya Carlson yesterday said the successful fashion label Carlson would not be affected by a Dunedin law firm's application to have a company of hers placed in liquidation over a $4000 debt.
Businesses battle for funding to collaborate
Businesses battle for funding to collaborate
Applications by Otago businesses to attend the latest information seminar for collaborative projects have closed and are 40% oversubscribed, prompting the possibility of another round in the New Year.
More bad news for F&P Appliances
More bad news for F&P Appliances
Whiteware manufacturer Fisher and Paykel Appliances has travelled a rocky road already this year, with more pain predicted from the imminent reporting from its first half-year's trading this week.
Hotel owner looks at library
Hotel owner looks at library
International hotel chain Rydges Hotels and Resorts - with 40 hotels and 7200 rooms worldwide - has been scouting several properties in Dunedin for development, including the Dunedin City Library in Moray Pl.
Forced lay-offs ruled out
Forced lay-offs ruled out
The hammer blow of redundancies at Port Otago has been softened with the port company and Maritime Union of New Zealand striking a compromise to save about a third of 35 proposed job losses.
Exploration of GSB marginal
Exploration of GSB marginal
A government-commissioned report - suggesting oil and gas exploration in the Great South Basin is "economically marginal" - also calls for changes to the Crown's royalty payment regime, especially those covering gas fields.
Oil could earn $30bn a year
Oil could earn $30bn a year
New Zealand's export earnings from oil could increase to $30 billion a year by 2025, Energy and Resources Minister Gerry Brownlee says.
Gold strikes $US1200 high
Gold strikes $US1200 high
Global spot gold prices have hit a new high, partially on the back of call and put options in the United States covering an unusually large number of contracts held for the sale of up to three million ounces of gold at $US1200 ($NZ1610). The Comex division of the New York exchange struck a new peak of $US1153.40 on Wednesday night, its third record during the past 10 days' trading. Craigs Investment Partners broker Peter McIntyre said while two central banks had recently purchased more than 400 tonnes between them
Payment closes rift
Payment closes rift
A rift has been healed between listed developer New Zealand Windfarms and turbine manufacturer Windflow Technology, averting court action which could have threatened the companies' viability.
Gold price rising with the Japanese economy
Gold price rising with the Japanese economy
Gold hit a record in New York on Monday, with the spot price hitting a sixth record high for November, largely on the back of strong Japanese economic data.
Asset values spur $32.4m Infratil loss
Asset values spur $32.4m Infratil loss
Infrastructure company Infratil has booked a $32.4 million loss for the first half of the year to September, largely caused by the revaluation of assets.
Maritime union change
Maritime union change
A change of guard at the Maritime Union of New Zealand is under way, with long-time unionist Trevor Hanson stepping down from the general secretary role after 19 years to be replaced by Joe Fleetwood.
Strong Kathmandu debut
Strong Kathmandu debut
Kathmandu shares' debut on the New Zealand stock exchange - purchased by mainly institutional investors for $2.13 - entered trading yesterday at a more than 4% premium above the issue price.
Mining set to start
Mining set to start
Glass Earth Gold is poised to begin gold mining at its site near Ophir in Central Otago in its bid to move from explorer to gold producer, and to generate some much needed cashflow.
Investors cautioned over gold
Investors cautioned over gold
As gold continues to climb through its fifth record high this month New Zealand investors are being cautioned to consider the volatility of the New Zealand dollar which could potentially wipe out any gains.
Kathmandu investors hoping to be in the black
Kathmandu investors hoping to be in the black
Kathmandu's initial public offering price of $A1.70 ($NZ2.13) values the outdoors goods retailer at $A340 million ($NZ426 million) - but the issue price is at the lower end of the offer range.