Banks profiteering, Fed Farmers says
Banks profiteering, Fed Farmers says
Federated Farmers has joined the burgeoning bank-bashing queue, calling for overdraft interest rates to be cut to better reflect falling interest rates.
Simon Hartley
NZ Home affordability soars
NZ Home affordability soars
Central Otago has had one of the largest improvements in the country for housing affordability, as the entire country lines up to offer buyers the best prices in four years.
Signs Oceana retrenching to generate cashflow
Signs Oceana retrenching to generate cashflow
Otago gold miner Oceana Gold appears to be preparing to cut back its development proposal for its mothballed northern Philippines gold and copper mine in order to begin generating some cashflow.
Contact Energy announces 25% profit downgrade
Contact Energy announces 25% profit downgrade
Contact Energy - considered a "safe" defensive stock in troubled markets
On track as builders back
On track as builders back
Stage one of a more than $2 million redevelopment at Scott Technology's former Crawford St premises is scheduled for completion by May, as builders resumed work last week.
Reality check for councillors
Reality check for councillors
Economists are today delivering Dunedin city councillors a snapshot of the economy and recession indicators, before councillors make multimillion-dollar preliminary decisions affecting spending within the city's annual plan.
Demand for staff drives rural wages above $41,000
Demand for staff drives rural wages above $41,000
Rural workers have gained an overall 6% increase in wages for 2008 - eclipsing the national average wage by more than $2000 - and stand a chance of being partially sheltered from some recession factors this year.
Investor confidence plunges 35% in survey
Investor confidence plunges 35% in survey
Asia Pacific investor confidence has soured with a sharp 35% decline as New Zealand investors expect their personal situation and the economy in general to worsen during the present quarter, in part spurred on by the global credit crunch.
Fulton Hogan lay-offs likely
Fulton Hogan lay-offs likely
Civil construction and roading specialist Fulton Hogan is negotiating with staff on the potential loss of up to 25 jobs from its Dunedin operations - almost 10% of the workforce - because of the tightening economy.
Economies of scale crucial for gold firms
Economies of scale crucial for gold firms
Global spot gold prices hit a record height of $US1000 per ounce nine months ago, but the worldwide credit crunch has sparked massive consolidation in the sector, with mergers and acquisitions shrinking to new lows.
Exporters thrive as shipping flounders
Exporters thrive as shipping flounders
The disarray in global shipping has created a boon for southern exporters rejoicing in cut-throat shipping rates, the decline in the New Zealand dollar and reduced fuel costs in recent months.
Negligent trampers wasting time
Negligent trampers wasting time
Queenstown police and the Department of Conservation are wasting "vast amounts of time" looking for potentially overdue walkers and are pleading with foreign and domestic trampers to return their Doc track intention stubs.
Car yards having a rough ride
Car yards having a rough ride
Dunedin's car yards, feeling the pinch only in the past three months, appear better cushioned than those nationwide where sales have slumped over the past year or so.
Sales chase means Hill's chain loses some sparkle
Sales chase means Hill's chain loses some sparkle
Michael Hill International jewellery chain has warned of a first-half trading result being "materially below" last year's record $19.4 million result because of lower margins, restructuring and US acquisition costs.
NZX responds to US sharemarket decline
NZX responds to US sharemarket decline
The New Zealand stock market took a slight tumble yesterday in the wake of United States markets posting their worst decline in a month amid negative company forecasts and larger-than-expected job losses.
Four Dunedin projects Vero finalists
Four Dunedin projects Vero finalists
Three Dunedin business organisations are finalists in the annual 2009 Vero Excellence in Business Support Awards, with a total of four projects between the trio.
Bunnings to begin demolition next week
Bunnings to begin demolition next week
Australian hardware giant Bunnings will begin demolition work next week at its Dunedin site in preparation for developing the 2.3ha Strathallan St plot, estimated to be valued at more than $27 million when completed.
Warehouse sales better than expected
Warehouse sales better than expected
The Warehouse has notched up "robust" sales and maintained its margins during the past 10 weeks, despite the recession and expects a similar half-year after-tax profit, around $57 million.
'No fire sale' of old chief post office building
'No fire sale' of old chief post office building
The future for southern investors who purchased 34 apartments in the failed Dunedin Hilton Hotel development appears poor until the project is either on-sold or purchased at a mortgagee auction in February or March.
St Kilda investors face loss
St Kilda investors face loss
Investors in failed St Kilda Finance - which owes almost $7 million - could at "worst" get less than 50% of their original capital back, according to the receivers, BDO Spicers, of Christchurch.