Wool downturn affects Cavalier
Wool downturn affects Cavalier
Carpet manufacturer Cavalier has downgraded its profit guidance for 2016-17 to ''break-even''.
Simon Hartley
Abano chases payment of takeover bid costs
Abano chases payment of takeover bid costs
Hostile takeover bid for Abano Healthcare has become "an expensive exercise" for the bidder, majority shareholder Healthcare Partners.
Court places DC Ross in liquidation
Court places DC Ross in liquidation
Fletcher Steel was successful yesterday in its High Court application to have Dunedin niche engineering company DC Ross forced into liquidation, over a debt of more than $600,000.
Allegation councillors were misled
Allegation councillors were misled
A complaint filed to the auditor-general by former Dunedin city councillor Hilary Calvert claims ''misleading'' information was presented to councillors over the contentious Yaldhurst property...
Oceana sets 500,000oz gold target
Oceana sets 500,000oz gold target
Oceana Gold has boosted its exploration and capital expenditure programme for 2017 to $US252m, as it targets more than 500,000oz of gold in a calendar year for the first time in its 27-year history.
Southern house values keep climbing
Southern house values continue to rise
Southern house values continue to climb last month and most areas around Otago rose at least 15% on last year's January prices.
Total exports down again
Total exports down again
New Zealand's total annual exports have fallen for the second consecutive year.
Bapcor approaching 90% needed for mop-up
Bapcor approaching 90% needed for mop-up
Hostile takeover bidder Bapcor, from Australia, appears set this week to begin the ``mopping up'' exercise aimed at taking 100% control of 23-year-old diversified investment company Hellaby Holdings.
Housing affordability to drop further
Housing affordability to drop further
Rising mortgage rates seem set to stimulate housing affordability around New Zealand, resulting in households having to dig deeper when taking on new mortgage debt.
Offer extended for Abano
Offer extended for Abano
As the clock ticks on the hostile takeover play for Abano Healthcare, it continues making transtasman acquisitions in line with its long-term plans to attain $1 billion in annual revenue.
D.C. Ross liquidation sought
D.C. Ross liquidation sought
The future of Dunedin engineering company D.C. Ross, at present in receivership with debts of almost $19 million, has taken a turn for the worse.
Mortgage rates push higher as annual inflation hits 1.3%
Mortgage rates push higher as annual inflation hits 1.3%
New Zealand’s heated housing market and rising fuel prices pushed annual inflation up to 1.3% for 2016, within the Reserve Bank’s targeted 1%-3% range.
Otago service sector leads national averages
Otago service sector leads national averages
Otago's service sector finished 2016 on a high, heading the four regions across the country and well ahead of the national average.
Veritas deadline looms as shares plummet
Veritas deadline looms as shares plummet
Shares in Veritas Investments have fallen to an all-time low, as the end-of-month banker's deadline looms large.
Auto-parts firm takeover
Auto-parts firm takeover
Australian auto-parts distributor Bapcor is on track to achieve a 100% takeover of Hellaby Holdings, costing $351.8million in total, and already has control of Hellaby's board.
McDuffs calls ‘last drinks’
McDuffs calls ‘last drinks’
"Last drinks" have been called by Dunedin craft beer outlet McDuffs Brewery — the first in the city with a micro-brewery in retail premises — as the owners wind up the company after 25 years.
68 more Pumpkin Patch stores closing
68 more Pumpkin Patch stores closing
Failure to find a buyer for the Pumpkin Patch chain of children’s-wear outlets will mean a further 68 stores are closed by the end of the month, with the loss of 560 jobs.
Ship’s tangled lines damage port stanchion
Ship’s tangled lines damage port stanchion
Minor damage was caused to a wharf-side stanchion on Port Otago’s Beach St wharf after mooring lines from the cruise ship Ovation of the Seas became entangled on Thursday.
Hellaby bid acceptances surpass 70%
Hellaby bid acceptances surpass 70%
Shareholder acceptances for Australian company Bapcor’s hostile takeover bid for Hellaby Holdings have poured in this week, moving from 56% on Monday to more than 70% yesterday. The question now is...
Consents at 11-year high in Auckland
Consents at 11-year high in Auckland
New home consents hit an 11-year high in November, underpinned by Auckland work but in the South Island overall consent numbers eased.