Asking prices on the up in Otago
Asking prices on the up in Otago
Asking prices for houses around the country have notched up records in both Auckland and Otago last month, but are poles apart at $866,080 and $323,367 respectively.
Simon Hartley
RBD’s surprise Australian foray
RBD’s surprise Australian foray
Restaurant Brands (RBD) is making a surprise $A82.4million ($NZ90.1million) foray into Australia, buying 42 KFC outlets in New South Wales in a script and cash deal.
NZ growth drivers but clouds on horizon
NZ growth drivers but clouds on horizon
Strong population growth, tourism and construction will be New Zealand's key economic driving forces for the next few years, but storm clouds abound in global economic volatility.
Construction at record level
Construction at record level
Building activity has reached a 26-year high, underpinned by increasing work in Auckland and despite a waning of activity in Canterbury.
'Phenomenal' gains by southern business
'Phenomenal' gains by southern business
The Deloitte South Island Index of listed companies shows overall market capitalisation of the 30 businesses up 17% on a year ago, across all seven sectors.
Oceana plans to spend big this year
Oceana plans to spend big this year
Oceana Gold is expecting to spend as much as $US405 million ($NZ613.6 million) this calendar year on development and exploration, it has revealed in its first detailed report on its new South Carolina mine in the United States.
Diligent profitability dips
Diligent profitability dips
Takeover target Diligent has posted a dip in annual profitability, but continues to roll out its products and acquire other companies.
NZOG cuts fees and exploration costs
NZOG cuts fees and exploration costs
New Zealand Oil & Gas is intent on minimising its cash burn in the face of plunging oil prices and directors' fees have been slashed by around 30%.
Pacific Edge signs huge deal with Veterans Health Administration
Pacific Edge signs huge deal with Veterans Health Administration
Dunedin cancer diagnostic company Pacific Edge has passed a significant milestone in the US, signing a Federal Supply Schedule contract with the Veterans Health Administration.
Record loading makes use of deepened channel
Record loading makes use of deepened channel
An obscure but important record was achieved on Otago Harbour yesterday, in what otherwise appeared to be a conventional departure of the container ship Laust Maersk about 7.30pm.
Real estate agents tribunal’s decision to be appealed
Real estate agents tribunal’s decision to be appealed
In what could become a precedent-setting outcome for the real estate industry, senior business reporter Simon Hartley looks at seven years of litigation, a recent Real Estate Agents Authority disciplinary tribunal decision and an imminent fresh appeal to the High Court.
Work on Fryatt St project to begin
Work on Fryatt St project to begin
Port Otago subsidiary Chalmers Properties this week begins development of a $9.45 million warehouse and office project in the industrial Dunedin harbour precinct.
Positive results and surprises in reports, so far
Positive results and surprises in reports, so far
Just over halfway through the current reporting season, brokers have reported positive earning results underpinning the NZX50, while dividend growth for investors has been the surprise for some brokers.
Record wine case sales for Delegat
Record wine case sales for Delegat
Delegat Group delivered record wine case sales of 1,267,000 for its six months trading to December, boosting after tax-profit to $21.5million.
Warehouse set to take market share
Warehouse set to take market share
The demise of electronics company Dick Smith will see a carve-up of its market share, with The Warehouse likely best placed to fill the electronics market void.
Scales’ sales beat target
Scales’ sales beat target
Sales of premium apple brands have boosted Scales Corporation's profitability to record levels for the 104 year-old diversified agribusiness company.
Profit more than doubled
Profit more than doubled
National carrier Air New Zealand has reaped the benefits of increasing passenger numbers and cheaper fuel, more than doubling its half-year profit to $338million.
Energy firms’ profits fall
Energy firms’ profits fall
Electricity companies Genesis Energy and Meridian Energy have delivered first-half trading results in line with broker expectations, with both companies' after-tax profits slightly down.
Summerset profits up 50%
Summerset profits up 50%
Summerset, the country's third-largest retirement village developer and operator, has posted a more than 50% increase in full-year profits, as well as announcing a major step-up in its annual construction target.
NZ Refining profit lift tops 15-fold
NZ Refining profit lift tops 15-fold
Low crude oil prices, a weak New Zealand dollar and improved infrastructure underpinned an almost doubling of revenue for New Zealand refining, and more than 15-fold profit increase.