New property listings throughout Otago mirrored the national trend by a decline in numbers, but asking prices continued to rise, as those in Central Otago, Queenstown and the rest of Otago were up...
Specialist bedding manufacturer Ellis Fibre has settled a debt with an offshore textile supplier, which had been seeking to liquidate the 19-year-old Dunedin company.
International trade tensions look set to shape the second half of 2018, following ''steady'' global economic activity so far this year.
Pessimism in business has risen during the past quarter to June, with darkening clouds forming on trading, expectations and profitability outlooks.
Otago, Taranaki and Blenheim were singled out as ''particularly downbeat'' in the latest New Zealand Institute of Economic Research (NZIER) quarterly survey, which overall has struck a seven-year low.
The annual growth in the average value of a house in Dunedin is almost double the 5.7% of the country's national figure. It is closely followed by rising house values across Central Otago and Queenstown.
Beleaguered Steel & Tube - whose shares are down more than 40% on a year ago - has clinched a crucial waiver from its banks for breaching a covenant, and has renegotiated its lending terms.
Retailer Smiths City has admitted its four-year-old restructuring programme has been too slow and unfocused.
Auckland residential building consents hit a 15-year high for May, while any gains in the South were relatively modest.
Beleagured Fletcher Building’s ambitions in Australia are not going to be straightforward as the company grapples with its wide-ranging restructuring plans.
Foreign house buyers are expected to exert greater influence on New Zealand’s future residential property market and property valuations.
Unsurprisingly, the official cash rate (OCR) remained unchanged yesterday at 1.75%, but sentiments are now speculating on the possibility of cuts next year, instead of the expected rise.
Almost a third of Southland businesses have employed more people during the past year, but recruitment remains one of the biggest challenges for businesses in the province.
Escalating strike action around the country has been defended by the New Zealand Council of Trade Unions after a stinging attack by Opposition leader Simon Bridges.
Dunedin’s property market is on a roll but that is pushing up prices for buyers and renters because of a scarcity of stock.
Flecther Building’s sweeping restructuring plans have been welcomed as a "believable strategy" as the construction giant prepares to claw its way back to profitability.
Fletcher Building has alerted the market to $95million of costs associated with its wide-ranging restructuring, and signalled the likelihood of further asset writedowns.
Housing affordability in Otago and Southland has increased, which will be welcome news for first home buyers.
New Zealand has posted a $3billion first-quarter current account deficit - the largest since the 2007-08 Global Financial Crisis - as imports far outweighed exports.
Oceana Gold has upped its production guidance for calendar 2018, by as much as 10,000 ounces of gold at the top end.