Simon Hartley

OCR cut, but lower mortgage rates unlikely

OCR cut, but lower mortgage rates unlikely

As expected, the Reserve Bank cut the official cash rate to a record low 1.75% yesterday, with expectations the country’s stubbornly low 0.4% inflation rate will rise to the midpoint of its 1%-3%...

Half-year after-tax profit rises 27%

Mainfreight's first-half dividend rose 3c to 17c. Photo by Peter McIntosh.

Half-year after-tax profit rises 27%

Bellwether freight company Mainfreight has delivered a 27% gain in after-tax profits for its half-year trading, with indications strong pre-Christmas volumes will continue.

Hospitality leads rise in electronic card spend

Electronic card spending is up 4.2% on a year ago, rising by $205 million to $5.1 billion for October, underpinned by the hospitality and tourism sectors.

Sacred Hill seeking to raise $12m

$12million capital is being sought for Sacred Hill's newest Marlborough Sauvignon Blanc vineyard...

Sacred Hill seeking to raise $12m

Marlborough wine company Sacred Hill is seeking $12million capital from investors to develop a large-scale sauvignon blanc vineyard.

NZ Binxi offers to buy all of Blue Sky

NZ Binxi offers to buy all of Blue Sky

Chinese-backed NZ Binxi (Oamaru) Foods has made a $25.3 million 100% takeover offer for Invercargill-based Blue Sky Meats after the meat processor had sought expressions of interest from buyers.

Draft decision rejects proposed media merger

Fairfax and NZME downplayed the possibility of job cuts should the regulator decide to approve a...

Draft decision rejects proposed media merger

A proposed merger between media groups Fairfax and NZME has been blindsided by the Commerce Commission rejecting the merger, in its draft determination released yesterday.

Activists take seabed miner to court

The first of what is likely to be many challenges by environmentalists against a seabed mining proposal started in the Environment Court yesterday, with Kiwis Against Seabed Mining taking...

Seeking details on Abano Healthcare

The $10 per share takeover offer for dental and radiology specialist Abano Healthcare is deemed ``fair'', but analysts want more details from those offering the deal.

Employees of children’s clothing retailer Pumpkin Patch, thrown into receivership last week, are relieved receivers yesterday reversed a decision to make deductions from wages for a now worthless share scheme.

Briscoe 'optimistic' for fourth quarter

Briscoe 'optimistic' for fourth quarter

Briscoe Group is maintaining an "optimistic" outlook heading into its fourth-quarter trading, with gross margins undermined by intense promotional activity and the high New Zealand dollar.

Jucy aims to double Milford numbers

Jucy Cruise’s multimillion-dollar, 29m-long Gem of the Sound, which is destined for the Milford...

Jucy aims to double Milford numbers

Tourism operator Jucy is predicting a second catamaran based in Milford Sound will over time potentially double its annual passenger numbers at the tourism hot spot.

Bathurst in for trio of mines

Bathurst Resources is looking to raise $31.9 million towards its share of joint venture Phoenix Coal with Talley's group after the pair agreed to buy three Solid Energy coal mines for a total $46...

Property values up 12.7% nationally

The Queenstown Lakes District growth in home value is more than double the national average on a...

Property values up 12.7% nationally

Property values across the country continue to increase, albeit at a slower rate, but growth in the Queenstown Lakes District and Central Otago remains around double the national average.

Hellaby directors reject bid

Hellaby directors reject bid

A $322 million hostile takeover bid for Hellaby Holdings by ASX listed auto-parts company Bapcor has been rejected by Hellaby's independent directors as too low for consideration.

Z sales steady but market share falls

Z Energy is maintaining its volume of petrol sales. PHOTO: LINDA ROBERTSON

Z sales steady but market share falls

Z Energy maintained its volume of petrol sales last year, but its overall market share continued to slide, as other retailers grew their pump sales.

Oceana confident mine will pass muster

Oceana confident mine will pass muster

A cloud appears to have been lifted from OceanaGold’s copper-gold mine operation in the Philippines.

South Port surviving dairy downturn

South Port has a stable outlook. Photo: supplied.

South Port surviving dairy downturn

South Port at Bluff continues to feel the pinch of the dairying downturn, but maintains a "stable" outlook for the year ahead and expects no effects on its annual dividend.

NZ King Salmon dual lists

NZ King Salmon dual lists

New Zealand King Salmon dual-listed on the NZX and ASX exchanges yesterday, following a fully subscribed initial public offering which raised $30million capital.

Teviot and Mahinerangi gold search

Australian-listed company New Age Exploration (NAE) has got approval for two gold prospecting permits in South and Central Otago, for its low impact, two-year, $150,000 work programme.

43 jobs axed at Mossburn works

Silver Fern Farms is closing its venison processing plant at Mossburn. Photo by Stephen Jaquiery.

43 jobs axed at Mossburn works

Silver Fern Farms has axed more 43 Mossburn meatworkers' jobs as it rationalises killing shed numbers across the country.

Search form

Search form

Simon Hartley