Bradken to shed another six foundry workers
Bradken to shed another six foundry workers
A further six positions at the Bradken foundry in Dunedin are under threat, in the fourth restructuring measure since mid-2013.
Simon Hartley
Downgrade for STU due to low steel prices
Downgrade for STU due to low steel prices
Steel & Tube has been downgraded by brokers on several fronts, with waning global steel prices and China's economic downturn both forecast to push into 2016.
Larger container ships and more visits, economist says
Larger container ships and more visits, economist says
Concerns have been allayed that the larger container ships expected to be calling in New Zealand soon will ultimately mean fewer visits.
Southern capital down 0.3%
Southern capital down 0.3%
South Island listed companies' market capitalisation was flat for the quarter to September and Silver Fern Farms underpinned the result with a $110.4million gain in share price valuation.
20 Mill outlets sold to Foodstuffs
20 Mill outlets sold to Foodstuffs
Foodstuff's purchase of 20 The Mill liquor stores has boosted the total number of its country-wide Liquorland branded outlets to 108.
Number of cows up; economic value down
Number of cows up; economic value down
Dairy cow numbers in Otago might have increased in the 2014-15 season but the value of dairying to the regional economy plummeted by $349 million.
Fletcher outlook little changed
Fletcher outlook little changed
Fletcher Building's contracted order book has expanded to $3.4billion, with a strong outlook in New Zealand but expectations of a waning performance in Australia.
SkyCity has big plans for Adelaide casino
SkyCity has big plans for Adelaide casino
Skycity (SKC) shareholders have been updated on the casino operator's $A300million ($NZ326.4million) plans for redeveloping its Adelaide Casino, with exterior development plans lodged with the South Australian design approval organisation.
Otago fertiliser to bolster oil palm plantations
Otago fertiliser to bolster oil palm plantations
The new Malaysian owner of a failed Otago diatomite fertiliser company is courting more controversy over links to supplying the Malaysian palm oil industry.
Region still leading on PMI
Region still leading on PMI
Otago continues to lead the country in the monthly BNZ-Business New Zealand performance of manufacturing index (PMI), with three of the four regions in healthy expansion.
Banks warned over dairy sector loans
Banks warned over dairy sector loans
The heated housing market and dairy sector remain key concerns for the Reserve Bank - but it has not announced any further restraints on the housing sector.
Infratil cash in hand $755m
Infratil cash in hand $755m
Infratil's half-year report reveals its war chest has expanded to $755million cash in hand and acquisition of an Australian target could be concluded by next month.
Big gains across Otago
Big gains across Otago
Otago house prices made almost double the percentage gain of the national median price, up 11% from October last year to $270,000.
Mainfreight profit slides
Mainfreight profit slides
A record half-year 12.9% sales increase failed to ignite bellwether company Mainfreight's bottom line, and profit for the period was down 1.5% to $33.14million.
Brokers downgrade Pacific Edge views
Brokers downgrade Pacific Edge views
Dunedin bladder cancer diagnostic company Pacific Edge has had an earnings downgrade by brokers because of slower than expected progress in its key United States target market.
Outlook brighter on higher grade ores and lower costs
Outlook brighter on higher grade ores and lower costs
Oceana Gold is keeping its production costs down and brokers expect the company's recent US and North Island acquisitions to further dilute those costs.
Sales up for Warehouse Group
Sales up for Warehouse Group
Digital sales and new season home and apparel lines all underpinned strong first-quarter sales for The Warehouse Group - booking $634million in revenue.
Z profits up 47% despite challenges
Z profits up 47% despite challenges
Strong fuel-refining margins assisted Z Energy to boost its profit by 47% to $56million for its half-year result, in the face of increasing competition, which contributed to a 20% decline in revenue.
Petrol prices at 6-month low
Petrol prices at 6-month low
Fuel prices are at their lowest levels in more than six months, due to falling commodity prices and a strengthening New Zealand dollar.
Blis down over 'quality issue'
Blis down over 'quality issue'
Dunedin probiotic company Blis Technologies has identified some product in Europe as ''cosmetically unacceptable'' and is setting about replacing the blister-packed lozenges.