Construction assisting Otago
Construction assisting Otago
Supplying Otago’s construction sector is underpinning a resurgence in Otago’s manufacturing sector, but with mild headwinds from foreign exchange issues and lack of staff.
Simon Hartley
Wet spring and earthquake hit GDP growth
Wet spring and earthquake hit GDP growth
National gross domestic product growth for the quarter to December has come in surprisingly low at just 0.4%, blamed on a soggy spring, its impact on the primary sector and transport interruption...
Otago's growth restrained by capacity
Otago's growth restrained by capacity
Otago's quarterly ranking of economic performance has slipped from the top province to almost middle of the pack, but only because it is at full capacity from strength in the tourism and construction sectors.
Machine tool smart, versatile
Machine tool smart, versatile
Farra Engineering's latest $1.3 million machining kit not only has the capacity to work 24/7, but can text its progress to operators day and night.
Didipioa clean mine, Oceana says
Didipioa clean mine, Oceana says
Oceana Gold's Philippine mining interests might be operating under a "cloud of uncertainty'', but New Zealand's largest gold producer is confident it has exceeded all of its environmental obligations.
GDP could rise about 1%
GDP could rise about 1%
Fourth-quarter gross domestic product (GDP) growth is expected to be steady near 1%, but Kaikoura's November earthquake could take the gloss off growth in some sectors.
Whisky distillery decision due in April
Whisky distillery decision due in April
A decision by The New Zealand Whisky Company is due next month on whether it will go ahead with plans for a distillery in either Oamaru or Dunedin.
Crackdown could hit Oceana
Crackdown could hit Oceana
Oceana Gold is facing increasing geo-political challenges to its operations in the Philippines, as the Government there announces a second mining sector review.
Spark's takeover officially launched
Spark's takeover officially launched
Telco Spark has formally launched its hostile $22.7million takeover of minnow Team Talk, which offers a more than 80% premium to shareholders.
Warehouse profit plummets 76%
Warehouse profit plummets 76%
The Warehouse has posted a 76% plunge in after-tax profit to $13.6 million for its first-half trading.
Port Otago to appeal consent condition
Port Otago to appeal consent condition
Port Otago is to appeal one of the 25 conditions set down for its recently-granted 25-year resource consent, covering routine channel dredging maintenance.
Job cuts at Credit Union
Job cuts at Credit Union
Eighteen jobs will be lost across the lower South Island as Credit Union South confirms restructuring, with customer branch-use dwindling and increased online patronage.
NZOG proposes arrangement to return $100m
NZOG proposes arrangement to return $100m
New Zealand Oil & Gas' long-mooted return of $100 million to shareholders will be through a court-approved scheme of arrangement.
Credit Union South to cut Sth Island jobs
Credit Union South to cut jobs after restructure
Eighteen jobs will be lost across the lower South Island as Credit Union South confirms restructuring.
DCHL in surplus, debt paid
DCHL in surplus, debt paid
Dunedin City Holdings has paid off $19 million of debt during its first half trading to December, and booked a $4.9million after-tax surplus.
Dirty ship told to leave
Dirty ship told to leave
The bulk carrier and occasional log ship DL Marigold was ordered from New Zealand waters on Sunday, and has left the Port of Tauranga, bound for Fiji.
Fruit sales boost wholesale trade stats
Fruit sales boost wholesale trade stats
An unseasonal gain in fruit sales during December saw the country's wholesale trade sales rise for the third consecutive quarter.
2nd Cxbladder test paper accepted
2nd Cxbladder test paper accepted
Dunedin cancer diagnostic company Pacific Edge has announced a scientific and clinical paper validating its mainstay Cxbladder product is to be published in a second leading US medical journal.
House consents fall 15% in five months to January
House consents fall 15% in five months to January
Building consents across the country for houses have eased, but overall consent numbers are up slightly, boosted by more apartments and townhouses.
Abano back to growing business
Abano back to growing business
The hostile takeover bid for dental chain Abano Healthcare has failed, and the dissident shareholder group Healthcare Partners now faces a large costs claim, likely more than $1million.