Tower shareholders will be rewarded for the company's much improved profit through an increased dividend payment and a capital return of about $120 million, the company announced yesterday.
Tourism Holdings director John Bongard was voted off the board at the annual meeting this week when a technicality saw 28% of the company's ordinary votes declared invalid and not counted.
North Otago farmer Ele Ludeman has been appointed to the new Small Business Development Group, formerly known as the Small Business Advisory Group.
Fledging New Zealand businesses being able to secure their company domain name and trademark from one search is a welcome development, Dunedin intellectual property lawyer Sally Peart says.
Weaker-than-expected exports, including lower shipments of aluminium and falling exports of dairy and meat, pushed New Zealand's October trade deficit much higher than forecast.
Fonterra units have been valued at the top of the range at $5.50 each but demand is expected to push them up even further when trading begins on the NZX on Friday.
The ANZ business survey being released on Thursday could settle some scores on the economic front, as well as colour the Reserve Bank's rhetoric at next week's Monetary Policy Statement meeting.
The United States Congress returns this week, and markets are ready to "hang off" every word as lawmakers try to work out a compromise on the looming fiscal cliff, Craigs Investment Partners adviser Chris Timms says.
It may not be Google's data farm, but Gen-i regional manager Peter Thomas believes the arrival of the first data container represents a sign of the times for the company's Dunedin data centre.
Meat processor Alliance Group plunged into the red in the year ended September, reporting its first operating loss in 20 years.
The "horrible" September unemployment numbers should mean the forecast top levels of the United States-New Zealand dollar cross are not tested, BNZ currency strategist Mike Jones says.
September's high unemployment figures continued to haunt the Government yesterday, with Labour Party leader David Shearer accusing the Government of trying to shrug off the bad news.
New Zealand's listed property sector remained strong last month (October) and outperformed the NZX-50 which returned 3.3%, Forsyth Barr broker Haley Van Leeuwen said yesterday.
Solid Energy this afternoon confirmed it would cut more than 400 jobs, mothball the Spring Creek mine on the West Coast and reduce operations of the Huntly East mine.
Otago and Southland households are among the gloomiest in the nation with job cuts and ongoing negativity about the delayed start of the reconstruction of Christchurch contributing to the regional pessimism.
One of Dunedin's best known businesses, Emerson's Brewery, has been sold to brewing giant Lion which will buy 100% of the shares in the award-winning craft beer business.
The Government had nowhere to hide yesterday when the unemployment figures were released and they proved to be the highest since March 1999, when Dame Jenny Shipley was prime minister.
Seasonally unadjusted unemployment rose in both Otago and Southland in the three months ended September, but the seasonal nature of the figures makes interpretation difficult.
United States President Barack Obama had little time to celebrate winning a second term as US markets turned red and attention turned from the election to looming economic problems.
New Zealand household debt remained at relatively high levels and many borrowers were still vulnerable, especially to any correction in house prices, Reserve Bank Governor Graeme Wheeler said yesterday.
