Otago Daily Times: Business News

Demand for Genesis 'unprecedented'

Demand for Genesis 'unprecedented'

Severe scaling of Genesis Energy share allocations is likely to push the share price higher when the last of the Government's energy company sell-downs lists on the NZX at 1pm today.

Milk volumes affect values

Prices slipped again in this week's GlobalDairyTrade auction, as strong late-season New Zealand milk production continued to make its mark.

Port Otago pays $2.5 million half-year dividend

Port Otago has repeated its $2.5 million half-year dividend to 100% owner the Otago Regional Council, but issued a caution about ''mixed trading'' in the second half. Revenue for the half-year to December was up from $34.7 million to $36.6, before-tax profit up from $7.4 million to $8.4 million and after-tax profit from $5 million to $5.7 million. A $2.5 million dividend was paid, Otago regional councillors were told yesterday.

Falling dairy prices, high kiwi dampen inflation

Falling dairy prices, high kiwi dampen inflation

Interest rates are sure to rise next week but falling dairy prices and the continually high New Zealand dollar may cause the Reserve Bank to rethink its strategy to curb inflation.

Bathurst at mercy of global pricing

Bathurst at mercy of global pricing

Besieged West Coast mine developer Bathurst Resources has ruled out further capital-raising before it begins mining operations on the Denniston plateau, above Westport.

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