Full-year reports imminent
Full-year reports imminent
The full-year financial results due for release in coming weeks from New Zealand's listed companies will be the first to take into account the full effect of a year of the global credit crunch.
Simon Hartley
St Clair landmark for sale in $9m development
St Clair landmark for sale in $9m development
The landmark 89-year-old Majestic Mansions apartment block is for sale in the first phase of a proposed accommodation and commercial development costing up to $9 million on the Esplanade in St Clair.
Mortgagee seeks $690,800
Mortgagee seeks $690,800
Mortgage holder the New Zealand Guardian Trust Company has enacted a property-law notice against Cromwell Luxury Villas Ltd, as a defaulting mortgagor, seeking payments totalling $690,800.
Franchise builder rues client debt
Franchise builder rues client debt
For the second time in four years, a franchisee of Signature Homes in Dunedin has been placed in voluntary liquidation.
New code a worry for fish exporters
New code a worry for fish exporters
A new code of practice for fish exporters is raising concerns about higher compliance costs in a sector already struggling with the high New Zealand dollar and limits on some quota.
Redundant workers meet SFF recruiters
Redundant workers meet SFF recruiters
Redundant fellmongery workers from Graeme Lowe Otago in Dunedin met Silver Fern Farms (SFF) recruiting staff yesterday.
No details of port workers proposal
No details of port workers proposal
Port Otago management is still considering a counter offer this week from the Maritime Union of New Zealand over a problematic restructuring proposal.
Blis shares rally after annual meeting
Blis shares rally after annual meeting
Shares in Dunedin biotechnology company Blis Technologies have doubled overnight to 8c and continued to trade up again yesterday.
Signature Homes confident houses will be finished
Signature Homes confident houses will be finished
The parent company of the Signature Homes franchise in Dunedin, which has been placed in liquidation, is confident the 10 homes in Otago and Southland still under construction will be completed under guarantee.
Union, SFF to meet redundant workers
Union, SFF to meet redundant workers
Sixty staff made redundant at the Graeme Lowe Otago fellmongery in Green Island last week have been invited to meet representatives of Silver Fern Farms today to discuss potential re-employment elsewhere in the meat industry.
E-commerce provider into receivership
E-commerce provider into receivership
Eftpos distributor listed-ProvencoCadmus Ltd has been placed in voluntary receivership, staggering under $45 million debt, cashflow constraints and poor trading in a weakening market.
Oceana Gold posts half-year profit turnaround
Oceana Gold posts half-year profit turnaround
Oceana Gold has achieved a half-year turnaround from a $US30.4 million ($NZ46.7 million) after-tax loss last year to a $US49 million ($NZ75.3 million) profit this half.
Pike River Coal delays first shipment; confidence deadline will be met
Pike River Coal delays first shipment; confidence deadline will be met
Listed hard-coking coal specialist Pike River Coal has put back its inaugural coal shipment by six weeks until mid-November but says it will meet the deadline of a convertible bond holder to have "steady" production by the end of November.
Debt outcome not revealed by trust
Debt outcome not revealed by trust
The trustees of the extensive estate of Howard Paterson have declined to reveal if a combined debt of $560,000 has been paid by businessmen the trust has applied to bankrupt.
Port stopwork meeting postponed
Port stopwork meeting postponed
A stopwork meeting at Port Otago today has been postponed while management considers a counter-offer from the Maritime Union of New Zealand over a contentious restructuring proposal - costing 10 port jobs.
Waning tourism prompts downgrade
Waning tourism prompts downgrade
Waning international tourism numbers have prompted brokers to downgrade Tourism Holdings Ltd's full-year results, forecasting after-tax profits to slide into the red.
Threat of union action over port team plan
Threat of union action over port team plan
Restructuring proposals at Port Otago have driven a wedge between management and the Maritime Union of New Zealand (MUNZ), prompting a stopwork meeting tomorrow which could escalate into industrial action.
Downturn closes hide plant
Downturn closes hide plant
The Green Island fellmongery was closed yesterday, with the loss of 60 jobs.
Apartment developer owed $20m goes into liquidation
Apartment developer owed $20m goes into liquidation
Beleaguered Queenstown apartment developer Wensley Developments Ltd has been placed in liquidation by its owners owing an estimated more than $10 million.
Companies gain some value
Companies gain some value
Southern listed companies have clawed back almost $300 million in market capitalisation for the quarter to June, but the 32 companies' overall $3.14 billion value remains 28% down on the $4.3 billion at the same time last year.