Simon Hartley

Extra engineers to progress claims

Liquidators of boutique Queenstown-based Western Pacific Insurance have brought in extra engineers to assist with Canterbury earthquake claims, three and a-half years on from the liquidation.

House sales down

Real estate data from around the country portrays a sector ''idling'' along, with national sales down in all provinces, led by a 27% plunge in Otago.

Gold, oil and gas search funding

New Zealand's databases of prospective gold, oil and gas deposits have received separate funding boosts, with GNS Science receiving a total of $6 million in the latest round of government science funding.

Warehouse adjusted after-tax profit down 18%

Costs of store revamping overshadowed an 18% revenue increase by The Warehouse to $2.65 billion, forcing an 18% plunge in adjusted after-tax profit to $60.7 million.

Union concerned about port deal

Port Otago stopped dead the privatisation of Lyttelton Port of Christchurch in 2006, but the sale of its 15.8% stake to the Christchurch City Council is ringing alarm bells for the Maritime Union of New Zealand.

Debts rise to $1.62m for winery in liquidation

Mt Rosa Estate's liquidation shows total debts have mounted to $1.62 million, although the value of the winery's vineyards, properties and wine stocks in Gibbston is yet to be determined.

All eyes on Warehouse's full-year results today

All eyes on Warehouse's full-year results today

The Warehouse's full-year trading results today will be keenly anticipated by analysts and investors alike, following its profit downgrade in late June.

Returns lure landlords south

Returns lure landlords south

Dunedin investors hold the lion's share of about 9000 student beds servicing the University of Otago but an increasing number of offshore investors are becoming involved.

Problems seen in not segregating retention money

Proposals are afoot to stop construction subcontractors being left in the lurch when developers and main contractors go bust, but the proposal has not been fully embraced by the country's largest legal firm.

Interest in industrial land

Investor interest has been good in a tranche of North Taieri industrial properties embroiled in the $57 million receivership of Southern Cross Wood Products.