Developer's drug charge arrests project
Developer's drug charge arrests project
The future of a stalled $500,000 commercial building project in South Dunedin is unclear as the Dunedin developer faces serious drug possession allegations in Australia.
Simon Hartley
Telecom share slide continues to 15-year low
Telecom share slide continues to 15-year low
Telecom, the largest company on the New Zealand stock exchange, continued its share slide yesterday, falling to its lowest level in more than 15 years.
Delta invests $4m in Luggate project
Delta invests $4m in Luggate project
Dunedin City Council subsidiary Delta Utility Services has moved into property development, taking a long-term $4 million 50-50 stake in the second stage of Central Otago businessman Jim Boult's Luggate subdivision.
Directors change at Botry Zen
Directors change at Botry Zen
Troubled Dunedin biotechnology company Botry Zen has announced the resignation of director and Wanaka-based businessman John Gilks and the appointment of two new non-independent directors.
Opportunity for consumers as retailers see hard times
Opportunity for consumers as retailers see hard times
Hard times are ahead for the retail sector, with profit forecasts for major companies in sharp decline, but consumers with spare cash will find no shortage of bargains during the next 18 months.
OCR cut predicted in face of weak economy
OCR cut predicted in face of weak economy
The Reserve Bank is widely expected to cut its interest-driving official cash rate on Thursday, balancing up the extremes of an impending inflation spike within a slowing economy.
Short-term relief for Freddie and Fannie
Short-term relief for Freddie and Fannie
The United States Government seizure under "conservatorship" of troubled mortgage finance giants Freddie Mac and Fannie Mae during the weekend - offering immediate cash injections of more than $US2 billion ($NZ2.93 billion) - may calm the markets in the short term but many problems are looming.
Air NZ cutting prices
Air NZ cutting prices
Dunedin and Queenstown customers are among those who will benefit from cuts in fares to Australia, with 6%-11% coming off the southern sector prices.
Mining industry reveals desire for 'regime change'
Mining industry reveals desire for 'regime change'
The potential for political change buoyed many of the more than 300 delegates attending the New Zealand branch of the Australian Institute of Mining and Metallurgy annual conference in Wellington this week.
Mining industry lobby group set up
Mining industry lobby group set up
A new lobby group to represent the cross-sector of the mining industry has been launched at the Australian Institute of Mining and Metallurgy, New Zealand branch annual conference in Wellington.
Untapped gas fields beckon
Untapped gas fields beckon
Listed mining company L&M Group believes successive governments have squandered the opportunity to develop southern lignite fields worth billions of dollars.
NZ the lucky country, mining conference told
NZ the lucky country, mining conference told
The Government and the mining industry appear to be at loggerheads over the potential for turning billions of tonnes of southern lignite into what some predict could be cheap diesel fuel.
Record numbers due for mining conference
Record numbers due for mining conference
Otago is well represented at the Australian Institute of Mining and Metallurgy (AusIMM) New Zealand branch annual conference which has a record number of presentations and registrations for the three-day event, beginning on Monday.
Information sought on Odd Fellows
Information sought on Odd Fellows
Complaint lodged against the Dunedin-based national body of the Independent Order of Odd Fellows regarding a shortfall of more than $240,000 in bereavement fund payouts has prompted the Securities Commission and Registrar of Friendly Societies and Credit Unions to request financial information from the organisation.
Pike River positive
Pike River positive
Hard coking coal specialist Pike River Coal appears set to repeat the performance of its former parent company New Zealand Oil & Gas - both of which have taken years to get their respective products to market and create cashflow.
St Kilda Finance stops new investments
St Kilda Finance stops new investments
Dunedin finance company St Kilda Finance has stopped taking new investments in the wake of reinvestment levels plummeting from 65% to 15%, but says it intends paying all investors as debentures come due.
Air fares price war predicted
Air fares price war predicted
Otago travellers could be the winners in a predicted "bloodbath" between international airlines vying for the lucrative New Zealand-Australia route.
Excellent full-year report expected from NZOG today
Excellent full-year report expected from NZOG today
New Zealand Oil & Gas (NZOG) is expected to report an "outstanding" result for the past full financial year - on the back of strong oil production and record global prices - with more than $100 million in after-tax profit positioning it well for future growth.
Positive outlook for Skyline
Positive outlook for Skyline
Dunedin Casino and the Queenstown operations of Skyline Enterprises appear high on the list for redevelopment by tourism company Skyline Enterprises - which has reported a 3.7% increase in after-tax profit to $19.4 million from its group of 12 subsidiary companies.
LPC dividend to Port Otago
LPC dividend to Port Otago
Port Otago will receive a dividend of more than $800,000 from arch rival listed Lyttelton Port of Christchurch (LPC), after LPC posted an improved $10.3 million after-tax profit yesterday.