Property companies are expected to be a drag on the forthcoming reporting season, in which, overall, 22 listed businesses will report first-half trading results in November.
Fewer arrivals into New Zealand and increasing numbers emigrating have caused net inflows to fall to three-year lows.
Housing affordability has eased across the country during the past quarter, but even with median price declines Central Otago Lakes and Auckland remain the costliest regions in which to buy.
A surprise $881 million partial takeover offer for Restaurant Brands has been disclosed, on the same day it filed its half-year report.
A blocking stake of 15.8% costing more than $45million has been taken in Steel & Tube, putting paid to any likelihood of further takeover plays.
Most global markets have settled after last week's chaos. The United States and Europe rallied and Asian markets began to make some gains after more sell-offs earlier this week.
Soaring fuel prices in the quarter to September underpinned a larger rise in inflation than anyone expected.
Conservation Minister Eugenie Sage’s contentious cull of Himalayan mountain tahr is set to resume tomorrow, weather permitting.
The New Zealand Whisky Company is going to crowdfunding company PledgeMe, seeking to raise up to $2 million towards redevelopment of Oamaru's former Northern Hotel, including as a bonded store.
Shares in Steel & Tube have steadied around $1.50 since Fletcher Building withdrew its takeover offer.
Dunedin cancer diagnostic company Pacific Edge has passed another milestone in the complex US regulatory regime journey to sell its mainstay Cxbladder test over there.
Southland is investigating how best to boost its tourism opportunities, aiming to hit $1 billion in tourism revenue by 2025, and has hired an independent consultant.
Manufacturing in Otago and Southland in September was buoyed by the construction sector, hitting its highest index level for the year.
The annual rate of inflation is expected to nudge higher, largely caused by rising fuel costs during the past quarter.
Turmoil continued across the world’s sharemarkets yesterday. Asia was worst hit, while losses across the major US indexes eased but remained in negative territory.
Sharemarket volatility ramped up around the world mid-week as major bourses lost between 2% and 4% off some of their main indexes.
Spring is coming late for the real estate sector, with house sales down on a year ago, but prices rose across most of the country, with both Otago and Southland making solid gains.
Food prices for consumers were almost unchanged overall during September, although vegetable prices fell 8.7% for the month, led by lower prices for lettuce, tomatoes and cucumbers.
New Zealand Oil & Gas (NZOG) says it has not sought exploration permit extensions for its two permits in the South, one off the coast from Oamaru and the other south of Dunedin.
Steel & Tube has told shareholders it is rejecting Fletcher Building's hostile $282 million takeover offer, saying the $1.70 per share is its too low and Commerce Commission clearance would...