Slowdown ahead for forestry
Slowdown ahead for forestry
New Zealand's forestry owners, managers and contractors are being cautioned to heed the changing times.
Simon Hartley
Ryman continues run of record after-tax profits
Ryman continues run of record after-tax profits
Ryman Healthcare’s rapid expansion is edging towards $6 billion in total assets, and for its latest financial year it has delivered a 16th consecutive record after-tax profit, up 8.8% to $388.2 million.
Infratil's revenue down 3.2% in 'strong result'
Infratil's revenue down 3.2% in 'strong result'
Diversified utilities investment company Infratil has posted a 3.2% decline in operating revenue, cushioned by strong performances from its stakes in Trustpower, Wellington Airport and Canberra...
Fletcher renegotiates with US lenders; working on capital-raising
Fletcher renegotiates with US lenders; working on capital-raising
Fletcher Building has successfully renegotiated borrowing terms with its US Private Placement lenders and is closing in on completing its $750 million capital-raising.
Cost-claims judgement upsets applecart
Cost-claims judgement upsets applecart
A precedent-setting High Court judgement has stopped organisations and companies that use salaried in-house lawyers from claiming for costs when they have won a case.
A2 Milk shares down after announcement
A2 Milk shares down after announcement
A2 Milk's shares took a 20% plunge yesterday, despite the company announcing a 70% increase of revenue to $660million for its nine months' trading to March.
Still igniting the way for Otago not-for-profits
Still igniting the way for Otago not-for-profits
The voluntary, student-run not-for-profit organisation Ignite Consultants has helped 110 not-for-profit organisations across Otago, during the past eight years.
Port project on track as latest concrete pour completed
Port project on track as latest concrete pour completed
The third of 11 concrete pours was completed at Port Otago's multipurpose wharf extension yesterday, and the project is on target to finish on time.
Profitable dairy season expected for most
Profitable dairy season expected for most
The new 2018-19 dairy season is predicted to begin with forecast farm gate payouts starting well above $6 per kilogram of milk solids.
Otago houses rise 20% on year ago
Otago houses rise 20% on year ago
Otago house prices have topped a record $460,000 median price, a gain of almost 20% on last year’s prices.
Emergent Cold buys Polarcold division
Emergent Cold buys Polarcold division
Listed diversified agri-business Scales Corp has sold its country-wide Polarcold division to Australian company Emergent Cold for $151.4 million, signalling it is on the acquisition trail.
Review's scope irks environmentalists
Dairy review's scope irks environmentalists
A dairy sector review by Minister of Agriculture Damien O'Connor immediately came under fire yesterday, after his terms of reference ruled out environmental issues.
Retail card spending falls sharply in April
Retail card spending falls sharply in April
An unexpected plunge of more than 2% in April retail card spending was prompted by large falls in grocery and liquor retailing and in fuel retailing.
Coarse wool sector adopts global platform
Coarse wool sector adopts global platform
The struggling coarse wool sector is starting a global online sales platform like Fonterra's fortnightly GlobalDairyTrade auction, having secured commitments of 6.5million kg of fibre for its first...
Tourism Otago's 'standout' economic activity
Tourism Otago's 'standout' economic activity
Otago's economic activities have been flat during the past quarter, as the effects of the drought take their toll on agriculture and horticulture - but activity is at least significantly higher...
Rebel underpins 'tidy' result for Briscoe
Rebel underpins 'tidy' result for Briscoe
Rebel Sport has underpinned a first-quarter sales boost for Briscoe Group with sales up 3.57% to $146.4million on a year ago.
Clean-up bill no risk to dividend
Clean-up bill no risk to dividend
Port Otago’s asbestos clean-up bill will not affect the annual multimillion-dollar dividend payable to its owner, the Otago Regional Council.
1% CPI rise pushed by dairy, aluminium exports
1% CPI rise pushed by dairy, aluminium exports
Dairy and aluminium exports have buoyed a 1% rise in the monthly ANZ commodity price index, which has also benefited from prices boosted by global trade tensions.
Commodity prices good but problems possible
Commodity prices good but problems possible
Commodity prices in many of the country’s agriculture sectors are in a "sweet spot" at present, but Brexit, US-China relations and global trade talks could yet create headwinds.
Retirement villages providing boost for economy
Retirement villages providing boost for economy
Eight new or proposed retirement villages around Otago are set to boost the economy with more than 1200 full-time equivalent jobs and more than $85million in design, construction and fitting costs.