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
Contact Energy has ditched an unpopular option to invest in
Pacific Rim geothermal power, instead opting to deliver
shareholders a $367 million special dividend.
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.
The Cantores Choir of the Otago University Students'
Association, commemorates the centenary of Gallipoli at
Dunedin's Railway Station last night.
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.
Otago's economic activity stands in the middle of the pack
countrywide, its 3.3% annual gain almost mirroring the
Business interests received only a cursory nod in the
Government's Budget yesterday and there was little for
regions outside Auckland, except a contestable share of a $25
million fund to create mixed public-private regional research
Port Otago will spend $30 million to $45 million to expand
its infrastructure over the next two years, allowing larger
ships to call at Port Chalmers.
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