Simon Hartley

House prices picked to keep rising

House prices picked to keep rising

House prices are being picked to continue to rise for the year and flagging sales numbers get a boost, before hitting a ''pervasive slowdown'' in 2015, according to Westpac economist Dominick Stephens.

Harder to buy and sell older lower-range homes

Harder to buy and sell older lower-range homes

The Reserve Bank's loan to value ratio (LVR) restrictions on banks' lending has seen a large decline in the lower end bracket of Dunedin house sales, and an increased workload to sell them.

Genesis soars 17% on strong demand

Genesis Energy's sharemarket debut resulted in $24 million worth of shares being traded in its first three minutes.

True story of hunt for 'Great Escape' Gestapo killers

While 76 Allied airmen tunnelled out of German prison camp Stalag Luft III in March 1944, just three of the escapees found freedom. Of 73 recaptured, 50 were murdered by the Gestapo, on Adolf Hitler's orders.

Port Otago pays $2.5 million half-year dividend

Port Otago has repeated its $2.5 million half-year dividend to 100% owner the Otago Regional Council, but issued a caution about ''mixed trading'' in the second half. Revenue for the half-year to December was up from $34.7 million to $36.6, before-tax profit up from $7.4 million to $8.4 million and after-tax profit from $5 million to $5.7 million. A $2.5 million dividend was paid, Otago regional councillors were told yesterday.

Bathurst at mercy of global pricing

Bathurst at mercy of global pricing

Besieged West Coast mine developer Bathurst Resources has ruled out further capital-raising before it begins mining operations on the Denniston plateau, above Westport.

Payless Energy no longer smallest

Payless Energy no longer smallest

Boutique Otago electricity retailer Payless Energy can now claim not to be the smallest company in the growing retail market, having just secured a full 200 customers since its launch in July 2012.

Services grow in South

Services grow in South

The service sector nationally remains in healthy expansion and the Otago-Southland region made gains during March to become first-equal among the country's four regions, up 5.4 points to 59.4.

Bathurst capital raising

Bathurst capital raising

West Coast coking coal mine developer Bathurst Resources placed its shares in a trading halt yesterday, in anticipation of announcing a successful capital raising this morning.

Future unclear for sawmiller Southern Cross

Future unclear for sawmiller Southern Cross

Time is running out for the 400 staff of Southern Cross Forest Products - placed in receivership almost six weeks ago - as receivers decide whether it can be sold as a going concern, the Amalgamated Workers Union says.