Shareholders of unprofitable 152-year-old department store entity Kirkcaldie & Stains are in for a windfall, after confirmation Australian heavyweight David Jones is taking it over and opening its first New Zealand outlet at its Wellington site.
South Island commercial construction work helped underpin an increase in building activity across the country, along with residential work, mainly in Canterbury and Auckland.
Cloud accounting company Xero has increased its subscriber base 10-fold in the past four years to half a million customers, but even that performance failed to inspire investors or analysts yesterday.
Exports during the past year are $2.8 billion ahead of what has been spent on imports, with the exports underpinned by dairy sales to China and cash spent by tourists.
Dunedin's Green Man Brewery has been resurrected with a new focus on export sales to Asia.
Z Energy is to buy rival Chevron's Caltex network of 147 stations for $785 million.
Dunedin's Green Man Brewery has been resurrected with a new focus on export sales to Asia.
Dunedin cancer diagnostic company Pacific Edge has thrown open a fully underwritten $35.3 million capital raising to its shareholders, paving the way to make further inroads into the lucrative United States market, and potentially Southeast Asia.
A postponement by Newmont Waihi Gold of the reopening its historic Martha pit has prompted the loss of 50 jobs, after the contract of Macmahon Contractors (NZ) Ltd was terminated.
Dunedin-based Scott Technology is laying off 13 mainly engineering staff at its Christchurch operation, because of a downturn in the manufacturing of appliance lines.
New Zealand's annual trade deficit of $2.6 billion is the largest since June 2009, in spite of April having been the fourth consecutive month in which there was a trade surplus.
Up to 170 Pacific Edge investors could make a claim for a share of a $500,000 compensation package, following investigation and censure by the Financial Markets Authority (FMA).
A final decision on when work will start on a $3 million twin commercial and apartment development on the Esplanade at St Clair Beach in Dunedin is likely within a couple of months.
Dunedin cancer diagnostic company Pacific Edge has fallen foul of New Zealand stock exchange rules and and has been ordered to compensate affected shareholders to the tune of $500,000.
Contact Energy has ditched an unpopular option to invest in Pacific Rim geothermal power, instead opting to deliver shareholders a $367 million special dividend.
The Cantores Choir of the Otago University Students' Association, commemorates the centenary of Gallipoli at Dunedin's Railway Station last night.
Farmers have been joined by economists in keeping a wary eye on the developing El Nino weather pattern, with its potential to affect returns for dairy and sheep farmers negatively.
Expansion in Auckland and Melbourne by rest-home builder and operator Ryman Healthcare has underpinned a record profit for the year, its 13th consecutive rise in profits.
Dunedin-based Blis Technologies has doubled its revenues to $2.63 million, and hopes initiatives in place will repeat that performance this financial year.
A Dunedin car yard's website has been targeted in a scam, in a bid to entice private car sellers around the country to contribute cash towards freighting their vehicles to Dunedin.
