Hospitality lifts region's performance
Hospitality lifts region's performance
Manufacturing expansion nationally dipped in October, but for the second consecutive month, Otago and Southland led the regional pack, buoyed by the hospitality sector.
Simon Hartley
Fletcher Building's outlook cautious
Fletcher Building's outlook cautious
Fletcher Building is maintaining a cautious trading outlook this financial year and predicts its after-tax earnings will be in the bottom range of analysts' forecasts of $261 million to $340 million.
Windflow shares off suspension
Windflow shares off suspension
Windflow Technology's shares have been taken off suspension and resumed trading on the New Zealand stock exchange after the wind turbine manufacturer lodged its overdue annual report.
Port signals more layoffs
Port signals more layoffs
Port Otago is looking to lay off up to 12 more cargo handlers, and forced redundancies are likely.
Mortgagee sale for Corstorphine House
Mortgagee sale for Corstorphine House
The 146-year-old boutique luxury hotel Corstorphine House, in Dunedin, has been forced into a mortgagee sale.
Oceana reports 43% increase in Macraes resource
Oceana reports 43% increase in Macraes resource
Oceana Gold has announced an estimated 43% increase in gold resources at its mainstay Macraes mine in East Otago and reinstated a previously mined area on to its inventory.
Rift with turbine manufacturer threatens wind-farm developer
Rift with turbine manufacturer threatens wind-farm developer
Wind-farm developer New Zealand Windfarms may need to raise more than $30 million to complete its Te Rere Hau project near Palmerston North while its separate rift with turbine manufacturer Windflow Technology deepens over disputed payments.
Ex-pupils receive business honours
Ex-pupils receive business honours
Columba College inducted former pupils Helen Anderson and Ann Kennedy Perkins as its 2009 laureates into its Business Hall of Fame at a function last night.
The company that Fletcher built
The company that Fletcher built
Dual-listed multinational construction company Fletcher Building celebrates its 100th anniversary in Dunedin next week. Business reporter Simon Hartley recaps Fletcher's southern links while Craigs Investment Partners broker Peter McIntyre runs the rule over its performance and future.
Oceana Gold appoints new chief
Oceana Gold appoints new chief
Triple-listed Oceana Gold has appointed a new chief executive, following the resignation of Steve Orr more than five months ago.
India buys 200 tonnes of gold
India buys 200 tonnes of gold
The $US6.7 billion ($NZ 9.3 billion) sale of 200 tonnes of gold to India's Reserve Bank by the International Monetary Fund propelled the precious metal to a new record high of $US1087.45 per ounce in New York this week.
Deadlines loom for Glass Earth Gold
Deadlines loom for Glass Earth Gold
Dual-listed Glass Earth Gold is running a fine line between its diminishing cash flows and getting two of its Central Otago exploration prospects into gold production.
'Bank talk' as SCF nets $75 million loan
'Bank talk' as SCF nets $75 million loan
An eleventh-hour $75 million funding line to beleaguered South Canterbury Finance could be the first tentative step towards creation of a major South Island-based bank.
Bank results likely to bring upgrade
Bank results likely to bring upgrade
Analysts are expected to be sharpening their pencils to give the overall Australian banking sector an upgrade, with the National Australia Bank first off the full-year reporting rank to deliver profits beyond forecast expectations yesterday.
Bank fraud report expected by December
Bank fraud report expected by December
AKA report into an alleged fraud at a National Bank branch in Dunedin this year is expected to be completed and lodged with Dunedin police by December at the latest.
Malaysian deal boost for New Zealand
Malaysian deal boost for New Zealand
New Zealand's signing of a free trade agreement with Malaysia - its eighth largest market - reflects Asia's position as the greatest growth potential market for New Zealand exports, Otago Chamber of Commerce chief executive John Christie says.
Banks are booming, but new plans looming
Banks are booming, but new plans looming
Australia's major banks this week appear set to book massive full-year profits again, while plans for them to shore up their own cash reserves at least fourfold will need to be in place by 2012.
Staff get pub profits for day
Staff get pub profits for day
A Southern hotelier took Labour Day to heart yesterday and handed over control and profits of two of his pubs to staff.
NZ ports navigating in uncertain waters
NZ ports navigating in uncertain waters
New Zealand's ports are expected to have an uncertain year ahead with container numbers declining for many and difficulty in achieving the same earnings.
South Canterbury Finance steadies
South Canterbury Finance steadies
Trading in South Canterbury Finances' bonds and preference shares this week have steadied and shown some strength as investors react to its sweeping recapitalisation plans.