Dene Mackenzie

Progress slowed by tardy interest payments

Tardy interest payments by Aorangi Securities' borrowers continued to slow progress for the statutory managers with a total of $5 million still outstanding.

Emerson Brewing supreme at awards

Emerson Brewing supreme at awards

The Emerson Brewing Company was last night named as the Westpac Supreme Business Excellence Award winner at a black-tie function in Dunedin attended by about 330 people.

Trend continues for Fisher and Paykel

The recent trend of business for Fisher and Paykel Appliances continued in the six months ending September with appliances worse than expected, partially offset by the finance business.

Reserve Bank approval final hurdle

Approval by the Reserve Bank is the final major hurdle for the proposed Heartland Bank to cross following another successful vote of merging partners in Christchurch yesterday.

Businessman honoured for contribution to city

The contribution Otago businessman John Gilks has made to the city of Dunedin was recognised last night before an audience of 330 of his peers.

Creditors giving 90 days' grace

Creditors giving 90 days' grace

Secured creditors of Pike River Coal have agreed to a standstill period of 90 days to give the company time to deal with the tragedy at its underground mine where 29 miners have died.

Markets dismiss Korean conflict

Markets dismiss Korean conflict

World financial markets quickly shrugged off the Korean conflict, which started on Tuesday with a North Korean artillery attack on a South Korean island.

Polarised views on employment law changes

Polarised views on employment law changes

Employer representatives see the latest change to employment law as fair and balanced but union representatives are still condemning what they see as a trampling of workers' rights.

Downgrade a surprise but S&P's worries well justified, BNZ says

Rating agency Standard and Poor's may have delivered a surprise ratings outlook reduction, but its core messages had substance, BNZ markets economist Stephen Toplis said yesterday.

Future earnings at risk: broker

Future earnings at risk: broker

The Australian banking system remained competitive but future earnings could be affected by recent negative comments and inquiries, Craigs Investments Partner Chris Timms said yesterday.