Simon Hartley

The ANZ bank has closed one of two branches it had on corners of the intersection of George and Hanover Sts in Dunedin.

The country's retail spending last month was undermined by falling petrol prices but received a positive boost from the British and Irish Lions rugby tour.

Steel & Tube's unexpected profit downgrade last week has prompted brokers to downgrade the share price target of the steel manufacturer and distributor.

Labour demand remains buoyant, online job advertisements having risen 14% on a year ago, and the construction, utilities, manufacturing and transport sectors are showing the largest annual growth.

Gold mine prospect Sams Creek, bordering the Kahurangi National Park in the Tasman district, has again changed hands, and the new majority owner will seek an ASX listing at the end of the year.

Toughening trading condi tions towards the end of Steel & Tube’s trading year has prompted an earnings downgrade, and earnings before interest and tax (ebit)may be down by as much as 15%.

Port Otago’s Geoff Plunket is weighing anchor after 29 years with the company, the last 13 as its chief executive. Mr Plunket reviews his time with ODT senior business and port reporter Simon Hartley.

Port Otago’s ageing 550-tonne Vickers Paceco crane at Port Chalmers will be dismantled by the end of the month, and no immediate replacement is required.

Agricultural commodity prices overall have made a strong 25% year-on-year gain, even as the wool sector has its worst year since the 2007-08 global financial crisis.

New Zealand firms’ optimism about the economy held firm in the June quarter, despite confidence in the building sector easing after soft construction activity at the start of the year.

Queenstown's June property values, at more than $1 million, have edged ahead of the wider Auckland value and several provincial areas have reported  gains during the month.

The long-awaited study into New Zealand fuel prices has found they "might not be reasonable" across the country, but the report ultimately poses more questions than answers. Simon Hartley reports.

Australian-listed Fairfax Media has ceased discussions with both its would-be suitors in the wake of TPG Capital having walked away from its $A2.76 billion takeover offer during the weekend.

New housing consents for May have spiked to a 13-year high, buoyed by increases in Auckland and Wellington, data from Statistics New Zealand shows.

Problems commissioning Oceana Gold’s new open-pit Haile mine in South Carolina has revealed gold production in calendar 2017 could be down by as much as 40,000 ounces.

Contractors and suppliers to Oceana Gold in Macraes, East Otago have been buoyed by news the mine could  have its life extended  to a decade.

Port Otago is not expecting the worldwide ransomware cyberattacks to impact on operations with container line giant Maersk, which is its biggest customer.

Rest-home owner-operator Summerset has upgraded its full-year underlying profit expectations, by as much as 32% on last year.

Oceana Gold has signalled a potential 10-year increase in the mine life of its mainstay operation at its Macraes mine in East Otago.