Kalamazoo acquires Wickliffe
Kalamazoo acquires Wickliffe
The 62-year-old Dunedin-founded printer Wickliffe has been acquired by the Indian-linked Kalamazoo Group, but is still working through the details of the merger.
Simon Hartley
Bidding war on the cards
Bidding war on the cards
A bidding war is expected for control of New Zealand Farming Systems Uruguay (NZFSU), whose extensive Uruguayan land assets are considerably undervalued within its share price at present.
Freightways posts decline in annual revenue
Freightways posts decline in annual revenue
Package carrier Freightways, which posted a decline in annual revenue and profits yesterday, has reiterated ongoing economic uncertainty reflects the likelihood of only a gradual rise in its fortunes.
Second bidder offers 60c for Uruguay shares
Second bidder offers 60c for Uruguay shares
A rival surprise takeover bid for New Zealand Farming Systems Uruguay - worth $146 million - has been lodged with the New Zealand stock exchange by one of Uruguay's largest agricultural companies.
Public respond to port proposal
Public respond to port proposal
More than 60 public submissions were received by the Otago Regional Council by late yesterday on Port Otago's proposed $100 million channel-deepening project, with more expected by mail and email over the weekend.
Bad news for those owed
Bad news for those owed
Twenty-one months after the failure of Dunedin-based St Kilda Finance, its investors are still owed more than $5 million.
Uruguayan tax concessions for group
Uruguayan tax concessions for group
New Zealand Farming Systems Uruguay - at present under a $110 million takeover offer - has been granted a $NZ28 million-$NZ35 million tax concession under Uruguayan financial laws.
Sth Canterbury puts out offer alert
Sth Canterbury puts out offer alert
South Canterbury Finance - in the midst of a massive restructuring and recapitalisation - has alerted its security holders to be wary of a potential "predatory offer" which could be made for some of its bonds and preference shares.
Port Otago channel submissions closing
Port Otago channel submissions closing
Public submissions on Port Otago's proposed widening and deepening of the lower harbour, covering about 13km of channel from Port Chalmers to salt marshes opposite Taiaroa Head, close on Friday.
Wickliffe merger on cards
Wickliffe merger on cards
Dunedin-founded printer Wickliffe - which has been through extensive restructuring in recent years - is said to be merging with Kalamazoo, a privately owned printing company with links to India.
Builder placed in voluntary liquidation
Builder placed in voluntary liquidation
Jennian Homes Otago Ltd is be placed in voluntary liquidation owing more than $500,000, following a failed bid by owner Kurt Reed to stave off closure with a proposal to creditors to pay them 20c in the dollar owed.
SCF preference shares hit 9c
SCF preference shares hit 9c
South Canterbury Finance preference shares have hit a record low, valued at 9c (down from their $1 issue), as the expiry deadline of a trustee waiver looms on August 31.
LME looks lucky with methane
LME looks lucky with methane
Southern coal seam gas explorer L&M Energy is expected to hit its straps in the next six to 12 months and prove the viability of commercial methane gas extraction, energy sector analysts say.
Oceana will miss stronger copper market
Oceana will miss stronger copper market
Oceana Gold's copper and gold mine development in the northern Philippines has been mothballed for more than two years - with seemingly few prospects on the horizon to reignite the Didipio project.
Owner says word likely on Jennian Homes deal
Owner says word likely on Jennian Homes deal
A final decision could be reached today over the future of debt-laden Dunedin-based Jennian Homes Otago Ltd, which has asked southern creditors to accept payment of 20c in the dollar for debts of $581,000 and let it continue trading.
Global spot gold market sales cushion Oceana's escalating costs
Global spot gold market sales cushion Oceana's escalating costs
Oceana Gold's 100% selling on the global spot gold market has proved successful, with massive gains in its profit margin cushioning the escalating costs of producing gold from Macraes in East Otago and Reefton on the West Coast.
LME offer may raise $2.85m from shareholders
LME offer may raise $2.85m from shareholders
Dual-listed L&M Energy has announced an offer to shareholders which could raise up to $2.85 million.
Australia next 'logical step' for Ryman
Australia next 'logical step' for Ryman
Listed Ryman Healthcare, which is building an $18 million retirement village in Dunedin, has announced plans to establish its first village in Australia.
OCR up to 3%; further rises less likely
OCR up to 3%; further rises less likely
For the second time in six weeks the Reserve Bank has lifted the interest-driving official cash rate - by 25 points this time to 3% - but it has indicated the likelihood of more rises has been reduced because of the fragility of the global economic recovery.
Prospectors could share drilling costs
Prospectors could share drilling costs
Oil giant Anadarko Petroleum has raised the prospect several oil and gas explorers will share costs of leasing an oil rig for exploration off Dunedin and in the Great South Basin, as a decision looms whether to commit to drilling or drop exploration permits in the area.