Simon Hartley

The truth died with Hubbard

The truth died with Hubbard

Soured property deals of more than $200 million ultimately brought South Canterbury Finance to its knees. Senior business reporter Simon Hartley looks at South Canterbury's demise, in the wake of findings this week from the country's largest alleged fraud case.

Milk price lifts 1.4% but clouds remain

Milk price lifts 1.4% but clouds remain

Global dairy trade auction prices have lifted slightly from their five-year low but the blowtorch remains on Fonterra's forecast milk solids payout, with downward payout revisions from analysts.

Otago-Southland manufacturing index leads the way

Manufacturing in Otago and Southland remained strong during September, helping underpin the fourth consecutive increase in expansion nationally.

'All opportunities' for assets weighed

'All opportunities' for assets weighed

Port Otago has reported a dip in after-tax profit for its full trading year but the near debt-free company is to spread its net around Otago looking to buy complementary business assets.

Port faces compensation payment

Port faces compensation payment

Port Otago faces a compensation payment of $1.25 million to a former Chalmers Properties chief executive.

9.9m Xero shares going on market

9.9m Xero shares going on market

Xero has another problem to contend with when 9.9 million shares bought mainly in the US for $147 million a year ago come off escrow and can be traded from tomorrow.

Investors active in Queenstown

Investors active in Queenstown

Otago and Queenstown featured strongly in the monthly Real Estate Institute of New Zealand data yesterday.

Three buyers in running for Hotel St Clair

Three would-be buyers are still in the running to buy a 26-room hotel in St Clair, Dunedin.

Doubts, QE3 end spur stock market slide

Doubts, QE3 end spur stock market slide

Stock market jitters have been set off by uncertainties in some global economies and the pending end of the US Federal Reserve's quantitative easing programme.

Xero urged to focus on US market

Xero urged to focus on US market

Cloud accounting company Xero needs to address sales momentum in the United States, having reported weak subscription growth in the key US market, brokers say.