Queenstown leads as Otago house prices hit record
Queenstown leads as Otago house prices hit record
Otago is among the top four regions chalking up record median house prices for April, albeit well down the ranking by dollar values.
Simon Hartley
Warm autumn weather a worry for Kathmandu results
Warm autumn weather a worry for Kathmandu results
The prospect of another warm winter has analysts running the rule over sports and leisure retailer Kathmandu, the past two winters resulting in Kathmandu being hard-pressed to deal with a glut of stock.
Housing a sellers’ market
Housing a sellers’ market
The housing sector remains a ‘‘strong sellers' market'' around the country, as data from 19 regions shows all are selling their housing stock quicker than their long-term averages.
Higher profit and costs forecast for Z Energy
Higher profit and costs forecast for Z Energy
Fuel retailer Z Energy is expected to post a strong full-year result this week, underpinned by improved fuel profit margins, but is expected to also book some unfavourable one-off costs.
OGC seeks fee cap rise
OGC seeks fee cap rise
Oceana Gold is asking shareholders to consider an increase of more than 30% in the cap on annual fees paid to non-executive directors, up to $US1.3 million ($NZ1.92 million)
Mine pit decision months off
Mine pit decision months off
Any decision on the future of Oceana Gold's historic Martha pit in Waihi in the central North Island is months away, after a two-million-tonne slip last month.
SI firms build on strong growth
SI firms build on strong growth
Turmoil in the global equity markets at the start of 2016 failed to overshadow the performance of listed companies with South Island links, their collective market capitalisation rising 6.8% or $1.12billion for the quarter to March.
Purchase offers beachhead in EU
Purchase offers beachhead in EU
Dunedin-based niche engineering company Scott Technology has clinched a deal to buy a former German competitor out of liquidation - with work contracts already secured.
BNZ reveals $566.7m 'new impaired' dairy assets
BNZ reveals $566.7m 'new impaired' dairy assets
The BNZ's Australian parent has revealed it has more than half a billion dollars of "new impaired'' New Zealand dairy assets on its books, up from none a year ago.
Air NZ profit not as robust
Air NZ profit not as robust from competition, currency
Air New Zealand has cautioned brokers its 2017 earnings, which include a decline on foreign exchange earnings, will not match those of 2016.
Ike GPS spikes on Nasdaq news
Ike GPS spikes on Nasdaq news
Portable measurement device manufacturer IkeGPS has bought forward its break-even forecast to the end of next year and is considering a listing and capital raising on the tech-heavy Nasdaq board, of the New York Stock Exchange.
Oceana Gold’s share price prompts broker’s ‘sell’
Oceana Gold’s share price prompts broker’s ‘sell’
A strong share price running more than 100% up on a year ago has prompted a broker's downgrade on Oceana Gold, despite it booking a solid quarterly result.
Expectations of solid growth
Expectations of solid growth
Solid growth in listed companies is predicted for the forthcoming NZX reporting season, which is expected to be dominated by the six property companies.
Two suction-dredge busts
Two suction-dredge busts
Two illegal South Island suction gold dredge operators could be looking at jail time or fines up to $400,000, following a sweep of the South Island by Government permitting agency New Zealand Petroleum and Minerals (NZPM).
Philippines mine overtakes Macraes production
Philippines mine overtakes Macraes production
Oceana Gold's Philippine gold and copper mine has for the first time surpassed quarterly gold production at the mining company's mainstay Macraes mine.
Offer also for Pacific Brands
Offer also for Pacific Brands
The offshore cash splash buying up NZX listed companies continues, as dual-listed Pacific Brands has joined Abano Healthcare in receiving a separate, unsolicited offer from an overseas company this week.
Brewer Moa slashes annual loss 50% to $2.9m
Brewer Moa slashes annual loss 50% to $2.9m
Listed brewer Moa has slashed its previous annual loss by almost 50% to a $2.9million loss, while increasing revenue and continuing to keep downward pressure on operating costs.
Downer makes 33 mostly construction staff redundant
Downer makes 33 mostly construction staff redundant
Australasian infrastructure giant Downer will make 33 people from its Otago operations redundant, having flagged the potential job losses in early April.
Slip to delay pit reopening
Slip to delay pit reopening
A two million tonne rockfall this week at Oceana Gold's Martha pit mine at Waihi in the central North Island appears likely to result in lengthy delays to any reopening of the pit, which has been closed for more than a year.
Deficit balloons to worst in years
Deficit balloons to worst in years
Declining export values of milk powder, beef and lamb were contributing factors to New Zealand's trade deficit ballooning to $3.8 billion for the year to March, the largest annual deficit in seven years.