Otago Daily Times: Business News

Dollar drops on weak dairy prices

Dollar drops on weak dairy prices

Dairy prices dropped by 5.9 per cent at the overnight GlobalDairyTrade auction, driving the New Zealand dollar to a fresh five-year low and putting more downward pressure on local interest rates.

Tougher times yet for dairy farmers

The ''tightest and roughest'' times are still to come for dairy farmers, Federated Farmers dairy chairman Andrew Hoggard believes.

Cost of average Auckland house tops $820,000

Asking prices for Auckland houses pushed through to a record average of more than $800,000 in June, with the Central Otago Lakes regions following suit with a 9% gain to $762,284.

More time for smelter to cut deal

More time for smelter to cut deal

The country's largest electricity consumer, New Zealand Aluminium Smelters has agreed with supplier Meridian Energy to a one-month extension on a deadline affecting the future of the Tiwai Point smelter.

BGR goes after KMD

Briscoes managing director Rod Duke has formally launched a 100% hostile takeover offer for struggling sports and leisure retailer Kathmandu.

ODT/directory - Local Businesses

CompanyLocationBusiness Type
Alexandra Youth CentreDunedinCommunity Groups
Shotover EngineeringQueenstownIndustrial Engineering
Vero InsuranceDunedinInsurance
Dions Hyundai Central LtdCromwellCar Sales
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