Simon Hartley

Flat first half but share price rises

Market competition has resulted in Downer EDI returning a flat first-half trading performance, and a $A13million ($NZ13.9million) write-off has prompted a full-year profit downgrade, by $A10million, to $A180million.

Central Otago/Lakes hits NZ high

Central Otago/Lakes hits NZ high

Central Otago/Lakes District has struck the highest average asking price for homes in the country, with analysts picking further upward pressure on prices.

Analysts divided over Oceana Gold outlook for year

Analysts divided over Oceana Gold outlook for year

Oceana Gold has completed a massive year of mergers and acquisition (M&A) activity and delivered record annual gold production of more than 419,000 ounces - but that has left analysts at odds over its 2016 outlook.

Better outlook for Kathmandu

Better outlook for Kathmandu

A year on from a shock profit warning and fending off a hostile takeover bid, leisure and outdoor retailer Kathmandu had some positive news yesterday.

2016 construction momentum builds

2016 construction momentum builds

There appears to be a "steady pipeline'' of 2016 construction work ahead for the industry, with Otago's December spend up by $18million on a year ago.

Blis gains US approval

Blis Technologies, which has its headquarters in Dunedin, has overcome a major hurdle to getting its probiotic health product into the United States, having gained approval from the Food and Drug Administration (FDA).

Trade figures underline decline in dairy prices

The dairy industry's plight was underlined in New Zealand's trade figures yesterday, with calender 2015 exports of milk powder, butter and cheese down 21%, or $3billion to $11.5billion.

Golden year of Oceana growth

Golden year of Oceana growth

Oceana Gold's production was up a blistering 36% for calendar 2015, beyond guidance to a record 419,153 ounces, with expectations of bettering that again this year.

SkyCity approval for Adelaide

SkyCity approval for Adelaide

The  regulatory Australian approval for SkyCity Enter-tainment's $A300million ($NZ323.6million) Adelaide expansion was received well by brokers, but some question marks remain over the large and complex projects in Adelaide and Auckland.

Kiwi’s decline expected to continue

The New Zealand dollar has fallen about US3.5c during the past month and analysts say it needs to steady to avoid slipping into "decline mode''.