Dene Mackenzie

Rich now richer, poor poorer: Goff

Rich now richer, poor poorer: Goff

Falling wages and rising prices were expected to lead to a huge spike in vulnerable people not being able to pay their bills later this year, Labour Party leader Phil Goff said yesterday.

Tower could become takeover target

The rejection by Fidelity of Tower's bid to buy its rival life insurer could turn Tower itself into a takeover target - possibly by Fidelity, Craigs Investment Partners broker Peter McIntyre said yesterday.

Strong first quarter for Michael Hill

Listed jeweller Michael Hill International is off to a good start for the financial year, with total sales up in all its markets.

City Forests surprise performer

City Forests proved to be the surprise package when Dunedin City Holdings yesterday released its annual report for the year ended June.

Debt dominates Holdings report

Growing debt dominates the annual report of Dunedin City Holdings Ltd, but the news is not all bad.

'Stars in alignment' for Oceana Gold

Oceana Gold, which operates gold mines at Macraes and Reefton, easily raised $C115 million ($NZ151.5 million) through a capital raising of warrants destined to be traded through the Toronto Stock Exchange.

Oceana Gold seeking $C115.5 on stock exchange

Oceana Gold is seeking $C115.5 million ($NZ152 million) in funds on the Toronto Stock Exchange to partially fund the development of the Didipio gold and copper project in the Philippines.

Foreshore Bill racist, Act says

Foreshore Bill racist, Act says

New Zealand's economic prospects could be damaged if the Government pressed ahead with the new foreshore and seabed legislation, Act New Zealand deputy leader John Boscawen said in Dunedin yesterday.

'Heartland' bank board, executive team named

The proposed South Island-listed "heartland" bank took a major step forward yesterday with the naming of a board and designated executive team.

NZ on verge of double dip recession

The prospect of New Zealand's economy hitting a double-dip recession by the end of the year loomed large yesterday.