Otago house values continue to lag
Otago house values continue to lag
Otago house values continue to lag well behind the national average, with even the more buoyant Queenstown Lakes region well behind the heated Auckland market.
Simon Hartley
Briscoe offer insufficient, analysts say
Briscoe offer insufficient, analysts say
Analysts are predicting Briscoes' Rod Duke will have to up his hostile $362million cash and script takeover bid for ailing Kathmandu, saying the $1.80 per share offer will be unattractive to its board and shareholders.
BGR goes after KMD
BGR goes after KMD
Briscoes managing director Rod Duke has formally launched a 100% hostile takeover offer for struggling sports and leisure retailer Kathmandu.
Cost of average Auckland house tops $820,000
Cost of average Auckland house tops $820,000
Asking prices for Auckland houses pushed through to a record average of more than $800,000 in June, with the Central Otago Lakes regions following suit with a 9% gain to $762,284.
More time for smelter to cut deal
More time for smelter to cut deal
The country's largest electricity consumer, New Zealand Aluminium Smelters has agreed with supplier Meridian Energy to a one-month extension on a deadline affecting the future of the Tiwai Point smelter.
Pacific Edge offers cash compensation
Pacific Edge offers cash compensation
A share of up to $500,000 in compensation, due to some Pacific Edge shareholders, has been offered solely in cash, with letters having just been sent to those affected.
Briscoes intends takeover
Briscoes intends takeover
Briscoes has launched a surprise intention, of more than $360million, to take over struggling leisure and sports retailer Kathmandu, with an offer of cash and script to be made to all shareholders.
Mixed response to consents data
Mixed response to consents data
Building consents data from around the country for May prompted wide-ranging responses, with economists reading in a ''sideways trend'' or ''flat' result, and Housing Minister Nick Smith seeing a continued ''surge''.
Decision on power for smelter
Decision on power for smelter
Wednesday is ''D day'' for the future of the Tiwai Point aluminium smelter near Bluff when its owners decide whether they want to give Meridian Energy notice they want to terminate the smelter's electricity contract.
Stories of behind-the-lines and secret exploits in WW2
Stories of behind-the-lines and secret exploits in WW2
These two books cover an array of secret operations during World War 2.
May trade surplus of $350m
May trade surplus of $350m
A halving of dairy exports has contributed to the 4.7%, or $214million, decline of total goods exported in May to $4.4billion, compared with a year ago.
Mortgages follow Reserve Bank lead
Mortgages follow Reserve Bank lead
Mortgage interest rates have plumbed new depths and the SBS Bank heads the leaderboard of six banks, now offering rates below 5% covering three different term times.
Takeover speculation drives up a2 share price
Takeover speculation drives up a2 share price
One valuation of takeover target a2 Milk Company puts it 80% above its pre-takeover price at $1.03 per share, giving it a market capitalisation beyond $66million.
Scott upbeat on automation in China
Scott upbeat on automation in China
Dunedin's Scott Technology is expanding its China beachhead this year, with 15 projects under way or completed and staff heading over there.
$409k for wind turbine
$409k for wind turbine
Dunedin start-up clean technology company Powerhouse Wind has reached its minimum crowd-funding goal through PledgeMe - $409,000 pledged by 79 people.
Brighter prospects for Oceana Gold
Brighter prospects for Oceana Gold
The year ahead for East Otago based Oceana Gold appears positive, with more exploration around the South Island, a weakening New Zealand dollar and acquisition of the North Island's largest mine, in Waihi.
$550 million sale plan for Fletcher
$550 million sale plan for Fletcher
Fletcher Building has unveiled plans for widespread asset divestments, valued at more than $550million, and has provided evidence of a strong construction project outlook.
Stockbrokers hold line on Air NZ
Stockbrokers hold line on Air NZ
Jetstar's aggressive entry into domestic New Zealand air routes could cost Air New Zealand $30million to $60million once established, but stockbrokers are unshaken by the numbers.
Port Chalmers to host inaugural visit of Quantum class cruiser
Port Chalmers to host inaugural visit of Quantum class cruiser
Port Chalmers will be New Zealand's first port of call for the maiden season of the $1.4billion cruise ship Ovation of the Seas.
Jetstar announces regional expansion
Jetstar announces regional expansion
Air New Zealand shares lost almost 10% in value yesterday before confirmation Qantas-owned Jetstar is at least doubling its number of domestic routes.