Declining inflation likely to drive down OCR
Declining inflation likely to drive down OCR
Analysts are picking a slight rise in the consumer price index during the March quarter will result in the annual inflation rate declining from 1.9% to 1.6%.
Simon Hartley
Otago, Southland house prices up
Otago, Southland house prices up
Otago and Southland median house prices continue to hit records for March, to a backdrop of plunging numbers of houses sold across the country.
Index in South edges up for March
Index in South edges up for March
Otago and Southland's manufacturing index edged up for March, running just above the average for the past 12 months.
Companies face 'drill or drop' ultimatum
Companies face 'drill or drop' ultimatum
Time is not up on oil and gas exploration in the Great South Basin, but without any meaningful finds the number of permits looks set to diminish.
Off-shore drilling extensions questioned
Off-shore drilling extensions questioned
Greenpeace and the Green Party have rounded on the Government for allowing oil and gas permit extensions to OMV and New Zealand Oil & Gas, both of which have multiple permits in the Canterbury...
Kaan's feeding growing market
Kaan's feeding growing market
From a modest 1960s Brockville grocery shop to one of the largest independent food distributors in the South Island, Dunedin-headquartered Kaan's Catering Supplies is embarking on a big expansion programme.
New World Centre City being sold
New World Centre City being sold
Dunedin CBD supermarket New World Centre City is for sale, but no other details are being confirmed by the parties involved.
'Expect resistance', oil company told
'Expect resistance', oil company told
An Otago environmental group is telling Austrian oil giant OMV to "expect resistance", should a deep-water oil rig appear off Otago's coast.
Gas and oil exploration move off Otago coast
Gas and oil exploration move off Otago coast
Austrian oil giant OMV has unveiled one of the most ambitious gas and oil drilling programmes proposed in New Zealand.
First home buyers benefiting
First home buyers benefiting
Sustained low interest rates have prompted a surge in southern first-home buyers during the past year, up by between 20% and 40% respectively for Otago and Southland, Kiwibank says.
Developer, burger firm settle
Developer, burger firm settle
A Christchurch developer and the owner of a Velvet Burger company, which was to have leased space in a $140million building in the Christchurch CBD have reached a settlement out of court.
PharmaZen turnaround to profit
PharmaZen turnaround to profit
A 72% boost in sales has turned around the full-year profitability of Dunedin-founded biotech company PharmaZen by $1.5million.
Scott acquisitions done; performance issue now
Scott acquisitions done; performance issue now
Niche Dunedin engineering specialist Scott Technology has changed tack, signalling it has come to the end of its more than six-year acquisition cycle and now is the time to focus on performance.
Career in finance took Otago University graduate around world
Career in finance took Otago University graduate around world
From Dunedin's Castle St to New York's Wall Street, Nigel Babbage's career in finance has taken him around the world.
Promotions at Polson Higgs
Promotions at Polson Higgs
Senior promotions have been announced at Dunedin business advice firm Polson Higgs, including one person who has been with the business since it was founded in 1997.
Skills, wages, falling demand concerns
Skills, wages, falling demand concerns
Spring and summer conditions may have provided a bounce for Otago's economy, but the latest economic data reflects rising concerns over skills shortages, wage hikes and flagging consumer demand.
Z Energy sale offer
Z Energy sale offer
Five southern Z Energy buildings are among 23 for sale from a private investment portfolio across the country.
Dunedin again leads main centres in rising house value
Dunedin again leads main centres in rising house value
For the second consecutive month Dunedin has topped the list of house value gains of main centres across the country - with an annual gain of 13.3%, five times the national 2.6% gain.
Analysts expecting two cuts to OCR
Analysts expecting two cuts to OCR
A weak showing in the influential New Zealand Institute of Economic Research business survey has analysts picking two cuts this year to the already record low 1.75% official cash rate (OCR).
Blis forecasts first pre-tax profit due to strong orders
Blis forecasts first pre-tax profit due to strong orders
Dunedin-based probiotics manufacturer Blis Technologies has issued a revenue and profit upgrade, looking to break into the black for the first time with a pre-tax surplus of $350,000, for its full...