Dunedin gas fire manufacturer Escea New Zealand has outgrown its Devon St premises near the harbour and will move next week to its new $4 million purpose-built manufacturing plant in Green Island.
Pumpkin Patch posted a $26.7 million after-tax loss yesterday because of one-off almost $40 million restructuring costs, but made impressive inroads into containing debt and slashing stock levels to cap a stellar seven-month share price run.
Economists were surprised by an small expansion in gross domestic product yesterday - as opposed to booking a sixth consecutive contraction - but the slight, less than 0.1% shift received only tentative praise.
Beleaguered South Canterbury Finance faces increasing hurdles as unsettled investors and the company await completion of an auditor's report and release of its audited accounts.
New Zealand's current account deficit for the year to June shrank to a five-year low and produced the first quarterly surplus, up $124 million, since early 2001, but all aided by a $661 million BNZ tax provision.
Disarray in the world's currency markets has underpinned a surge in global spot gold prices to set a second-highest record of $US1016 ($NZ1425) - possibly setting the scene to breach last year's all-time gold high of $US1033, two analysts say.
South Canterbury Finance has placed debenture funds received since August 20 into trust, and has ceased taking new securities on its latest debenture until it can amend or reissue an August prospectus.
East Otago miner Oceana Gold has rejected claims it is "going it alone" financially with its mothballed Philippines gold/copper project, but says it is still considering its options as geotechnical studies continue.
Port Otago has delivered a $6.9 million dividend to its owner, the Otago Regional Council, but warned a revenue decline of up to $5 million must be addressed.
A decision is expected to be announced in November on an almost year-old merger proposal between rival southern ports, Port Otago and Lyttelton Port of Christchurch (LPC).
A second round of test drilling below Oceana Gold's Frasers underground tunnel at Macraes in East Otago has been completed and returned "promising" results.
Supermarket operator Progressive Enterprises plans to apply for resource consent within the next four months to build a Countdown outlet in South Dunedin on land it purchased earlier in the year.
Listed southern port company South Port has been upgraded by brokers Craigs Investment Partners on the back of positive full-year results last month and ongoing talks with its biggest customer, Rio Tinto-owned Tiwai Point aluminium smelter.
Southern forester Ernslaw One has sold more than $10 million worth of carbon credits to the Norwegian Government - believed to be the first international carbon credit sale by a New Zealand company.
Dunedin-based Farra Engineering may have cornered a global niche market in supplying the world's aluminium smelters with purpose-built pit maintenance platforms, helping it to ride out the recession, which has brought a decline in orders this year.
Speculation a major Australian bank is considering spinning off and floating its New Zealand subsidiary would have tax benefits for investors, but a new entity may struggle when raising international capital.
Shares in dual-listed L&M Petroleum have risen almost 40% since it announced a possible acquisition of its private sister company L&M Coal Seam Gas, and group restructuring plans.
Gold has broached the more than $US1000 ($NZ1434) per ounce threshold for the third time in 18 months.
Chinese whiteware manufacturing giant Haier's 20% buy-in to Fisher & Paykel Appliances has led to it being removed from the stock exchange's top 15 companies list, to be replaced by Freightways.
Passing by a running drinking fountain amid the maze of narrow streets, passageways and arched Gothic architecture that form the bones of the fabulous city of Siena, our guide and friend, Brett Naisby, adroitly halts the wasting flow of fresh water.
