Z Energy's after-tax profits, revenue, rise
Z Energy's after-tax profits, revenue, rise
Fuel retailer Z Energy has booked a $20million gain in after-tax profits, rising 8% for its year to March to $263million.
Simon Hartley
Capacity constraints in building sector a drag on consents
Capacity constraints in building sector a drag on consents
Auckland apartments carried the month for building consents around the country in March.
Extra power for smelter in Tiwai deal
Extra power for smelter in Tiwai deal
The Tiwai Point aluminium smelter's future seems more secure after it announced it will reboot its mothballed fourth potline, having secured a more than four-year electricity deal with Meridian Energy.
Trade balance dips intored, led by fuel imports
Trade balance dips intored, led by fuel imports
New Zealand's trade balance teetered into the red in March, fuel imports having been much higher than analysts expected.
Oceana revenue and profit down for quarter
Oceana revenue and profit down for quarter
Oceana Gold has reported decreased quarter-on-quarter revenue and profit, following a 24.3% decline on gold sales.
Tegel receives takeover offer
Tegel receives takeover offer
Listed Tegel Group is the subject of a surprise $437.8million takeover offer by private Philippine company Bounty Fresh Foods, which has already snared a 45% stake in a deal with majority...
First-quarter share value down 1.5%
First-quarter share value down 1.5%
The Deloitte South Island Index of 31 listed companies' combined share value stumbled in the first quarter, following four consecutive quarters of growth in calendar 2017.
Importance of premium coking coal highlighted
Importance of premium coking coal highlighted
Resource sector lobby group Straterra has highlighted the importance of New Zealand’s wealth of specialist high-grade quality coking coal, crucial for making steel.
Farm sales dip in March quarter
Farm sales dip in March quarter
Farm sales for the quarter to March dipped 11% with 50 fewer sales than in the same period a year ago.
Retirement villages: read the fine print
Retirement villages: read the fine print
The Commission for Financial Capability cautions there are fish-hooks retirees should consider when signing up for retirement villages.
ACC not planning 300 new jobs in city
ACC not planning 300 new jobs in city
The ACC is not the major employer looking to boost Dunedin job numbers by 300, the government agency says.
House prices expected to ease
House prices expected to ease
Major changes are ahead for home ownership in New Zealand, many affecting investors and landlords. Otago Daily Times senior business reporter Simon Hartley looks at the predictions of Westpac chief economist Dominick Stephens.
Job rumours suggest ACC
Job rumours suggest ACC
Speculation abounds over the mystery organisation bringing 300 jobs to Dunedin, and ACC is potentially in the mix.
Fletcher Building shares rise
Fletcher Building shares rise
Fletcher Building shares rose initially after resuming trading yesterday, having raised $515 million towards a $750 million recapitalisation plan.
Q1 inflation up a little, annual slightly down
Q1 inflation up a little, annual slightly down
First-quarter inflation of 0.5% has come in marginally higher than expected, while the 1.1% annual rate is largely in line with expectations.
Record butter prices expected: economist
Record butter prices expected: economist
Households, restaurants and bakeries be warned, butter prices are expected to rise well above last year's records, already sitting just 5% below the highs set last September.
Kathmandu finds funds for Oboz
Kathmandu finds funds for Oboz
Sports and leisure retailer Kathmandu has clinched $50 million in new capital to help fund the more than $100 million purchase of US outdoors company Oboz Footwear.
Fletcher launches refinancing
Fletcher launches refinancing
Fletcher Building has launched a $1.25 billion refinancing package, with a fully underwritten $750 million offer to shareholders and has negotiated a new $500 million stand-by banking facility.
Otago house prices rise strongly
Otago house prices rise strongly
Otago chalked up one of the highest monthly house price gains in the country for March, with prices up 11% to $405,500, while nationally the median price struck a record high of $560,000.
Dunedin’s house sellers bank $41.6m
Dunedin’s house sellers bank $41.6m profit
Dunedin and Queenstown property owners reaped more than $67 million in profits in the quarter to December and the tourism hot spot vied with Auckland for top profit margins.