Scott survives turbulence
Scott survives turbulence
Listed Scott Technology's return to a before-tax profit of $390,000 follows a turbulent year in which customers cut back on capital expenditure and the New Zealand dollar appreciated almost 45%.
Simon Hartley
Triple impact
Triple impact
Oil, gold and the New Zealand dollar all reflected the weakening United States dollar early yesterday, with gold touching a record $US1062 ($NZ1426) in New York, Texan oil rallying to $US71.69 and the kiwi hitting more than US74.5c - for the first time in 14 months.
Dollar threatens trade deficit gains
Dollar threatens trade deficit gains
The strengthening New Zealand dollar threatens to overshadow recent gains made in international trade deficits as Reserve Bank Governor Alan Bollard calls for more belt-tightening.
Exxon to disclose plans for drilling
Exxon to disclose plans for drilling
Exxon-Mobil has received a 12-month extension to its five-year Great South Basin exploration permit, and has announced it is looking for a buy-in joint venture partner to undertake any test drilling in the future.
Greenback's role challenged as gold soars to $NZ1423 an ounce
Greenback's role challenged as gold soars to $NZ1423 an ounce
Gold hit a record high overnight, after further weakening of the US dollar; sparking conjecture on the the future of the greenback as the world's reserve currency.
Decision on South Basin imminent
Decision on South Basin imminent
A crucial decision by oil giant Exxon Mobil is expected soon on whether it will participate in a total $1.2 billion oil exploration programme in the frontier Great South Basin during the next five years.
Most Chalmers lessees to take up purchase offer
Most Chalmers lessees to take up purchase offer
Port Otago subsidiary Chalmers Properties says the majority of 15 lessees will purchase their freehold titles of industrially-zoned land around central Dunedin, but a small number may yet be advertised for sale.
Mayors may represent Otago at Expo
Mayors may represent Otago at Expo
Otago's five mayors could be the face of the province at the World Expo in Shanghai next year, which is expected to attract 70 million visitors.
Business confidence up following positive signs
Business confidence up following positive signs
The confidence of businesses and employees alike has improved on the back of recent positive economic data and New Zealand's housing and construction sector - but more pain is expected from rising unemployment.
St Kilda payout at low end of forecast
St Kilda payout at low end of forecast
Investors in failed boutique company St Kilda Finance have been paid out $1.4 million, but receivers have warned further disbursements will be at the lower end of the forecast scale of 45c to 80c in the dollar.
City Forests seeks $3m carbon credits profit
City Forests seeks $3m carbon credits profit
Dunedin City Council-owned City Forests is targeting a revenue boost of up to $3 million this financial year from sales of carbon credits, possibly to international interests.
Pyne Gould shares plunge nearly 30%
Pyne Gould shares plunge nearly 30%
The sharemarket hammering of rural and financial services company Pyne Gould Corp continued yester
Unions reject port redundancy talks
Unions reject port redundancy talks
The Maritime Union of New Zealand has rejected future talks with Port Otago on its proposal for 35 redundancies at Port Chalmers, vowing action will be taken "when the first person goes".
Hurricane House deal collapses
Hurricane House deal collapses
An 11th-hour deal to pay Dunedin-based creditors $4.5 million from the collapse of private investment company Hurricane House has fallen over, with the debtor placed in bankruptcy.
PGC shares as low as 74c
PGC shares as low as 74c
Shares in Pyne Gould Corp - which is loo1king to raise $237 million in a rights issue - dipped to a record low of 74c yesterday as investors continued to sell the stock down.
F&P shares dip as profit drop feared
F&P shares dip as profit drop feared
Fisher and Paykel shares plummeted 21% yesterday, when the debt-laden company, which has breached a banking covenant, warned of a 40% drop in profit.
Downer EDI Work's new South Island head office in Green Island.
Downer EDI Work's new South Island head office in Green Island.
The new $3 million offices for Downer EDI Works are expected to be completed by late-February and are an extension to its existing Green Island site, which is the company's South Island head office.
Highland rebranding under Share
Highland rebranding under Share
Privately owned Dunedin-founded financial adviser Highland Group is rebranding itself under the umbrella of nationwide financial services group Share next week.
Over 1.3 million PGC shares sold since issue
Over 1.3 million PGC shares sold since issue
Large volumes of Pyne Gould Corporation (PGC) shares - more than 1.3 million - have been sold by shareholders since it announced a $237 million rights issue on Wednesday.
Consumer sentiment at 4-year high
Consumer sentiment at 4-year high
Consumer confidence has hit a four-year high, with a sharp turnaround in the short-term outlook for New Zealand's economy - but high household debt and rising unemployment remain pressing issues for consumers.