Simon Hartley

Bathurst Resources slashes executive board numbers

Bathurst Resources' enforced plan to wait out slumped global coking coal prices has slashed its executive board numbers to four in the latest round of belt-tightening.

Briscoes recovers after Christmas with 4.8% boost

Post-Christmas and January sales provided a welcome revival for Briscoes fortunes, the company recording a 4.8% increase which boosted sales beyond $500 million, for the year to January 25.

Confidence returns in S.I. companies

Confidence returns in S.I. companies

South Island listed companies gained almost $700 million in market capitalisation for the quarter to December, with the Deloitte South Island Index ending 2014 at a seven-year high.

Scottish stills arrive for Cardrona distillery

Scottish stills arrive for Cardrona distillery

Copper whisky making stills from Scotland, bound for a $5 million distillery in the Cardrona Valley in Central Otago, arrived on Dunedin's wharves yesterday.

Possibly more than 35 Ponzi victims

There could well be more victims involved in the $2.8 million Ponzi scheme run by disgraced former Dunedin lawyer John Milne, who has just started a more than eight-year jail term.

Ecolabel seen as benefit to forestry

Ecolabel seen as benefit to forestry

The New Zealand Forest Certification Association has been included in an internationally recognised ecolabel which could open up new opportunities for forest owners, manufacturers and exporters.

New pit not extending mine life

New pit not extending mine life

Oceana Gold's new Coronation open pit development at its Macraes site in East Otago is progressing towards production, but the estimated 100,000 ounces of gold it contains will not extend the overall Macraes mine life.

Extension could mean Oamaru oil drilling

Extension could mean Oamaru oil drilling

Toronto-listed oil and gas explorer Tag Oil (NZ) could be test-drilling an onshore oil and gas prospect near Oamaru within 12 to 24 months, having secured a five-year extension to its existing Canterbury Basin exploration permit.

Manufacturing still in good heart

Manufacturing still in good heart

The country's manufacturing sector repeated its expansionary gains of 2013 in 2014 and the outlook for the year ahead is buoyant.

Interest rate increases recede

Interest rate increases recede

The waning inflation rate now has some analysts predicting the Reserve Bank will not raise the interest-driving 3.5% official cash rate (OCR) until after March 2016, at the earliest, and another saying a rise could be two years away.