Two Dunedin exchanges are part of
a multimillion-dollar technology spend-up by TelstraClear
aimed at connecting thousands of customers to its own network
before the Government's fibre roll-out.
OceanaGold says it is on track to report record full-year
gold production and sales for the year ended December.
The appointment of three independent directors to the
board of South Canterbury Finance, including two from
Dunedin, will be well received in the market. Business Editor
Dene Mackenzie reports.
A new company
incorporating three major assets controlled by South
Canterbury businessman Allan Hubbard is likely to be listed
on the New Zealand Stock Exchange early next year.
The New Zealand sharemarket fared the best of global indices
yesterday as new home sales data in the United States
heightened worries about a worldwide economic recovery.
Te Runanga o Ngai Tahu says it is well positioned, despite a
volatile operating climate, after announcing a net profit of
$13.3 million for its commercial operations for the year
Reserve Bank governor Alan Bollard yesterday issued a warning
to financial markets, telling them not to be too hasty in
adjusting interest rates.
The Dunedin-based New Zealand Honey Company last night
savoured the sweet taste of success when it was named the
country's fastest-growing company in the Deloitte Fast 50
University of Canterbury
vice-chancellor Rod Carr is delighted with the positive
response by investors to the university's philanthropic bond
issue which has attracted $15 million in subscriptions.
Evidenceis mounting that the world economy is starting to
again find its feet.
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