South Port at Bluff is predicting a 10% downturn in revenue for its full year ahead as it grapples with repairs and maintenance, likely to cost it $750,000 to just over $1million off its profit line.
Log exports and increasing container numbers from the Port of Tauranga are expected to underpin its half-year result, due for release next Monday.
Double-digit growth in many southern average house values during the past year has driven home the housing unaffordability issue which is conspicuous in parts of Otago.
South Port at Bluff has posted a revenue boost to almost $21 million for its half year trading, but repairs and maintenance costs saw its after-tax profit undermined.
The Reserve Bank is being picked to acknowledge the increasing negative risks to New Zealand’s economy this week, but not to yet make a move on monetary policy.
Amid record returns for forestry exporters, the sector in New Zealand is being warned to take notice of the global demand for logs is beginning to trend downwards.
A caution has been thrown out to New Zealand’s smaller, domestic market wineries which might be finding it more difficult gaining access to distribution channels.
Farmers’ confidence in the economy has hit a nine-year low with just 5% expecting conditions to improve in the year ahead, largely because of the US-China tariff trade war and Brexit uncertainties.
Oceana Gold's mine at Waihi in the central North Island has the green light for its underground Martha project, after no appeals were filed against its recent resource consent application.
Employment during the quarter to December remained flat while the number of unemployed edged up by 0.3% to 4.2%, according to StatsNZ data released yesterday.
For the fifth consecutive fortnight, Fonterra's global dairy price auction has made gains, underpinned by a more than 8% boost to the critical whole milk powder price.
Numerous online customers of failed Ellis Fibre in Dunedin are concerned as to whether goods they have paid for will ever arrive.
The coming reporting season on the NZX is expected to reflect "steady growth forecasts" for earnings per share, but that does not translate to all shares in the retail and telco sectors.
Oceana Gold has set its 2019 production targets for the year ahead, including up to $88 million of capital investment at Macraes in East Otago.
Dunedin specialist bedding manufacturer Ellis Fibre has been placed in receivership by its owners, just a month after another company attempted to have it placed in liquidation.
Consents for new homes hit a 14-year high for the year to December, representing just under 33,000 new houses, driven by increases in Auckland and Wellington, which were up 18% and 19% respectively.
Unemployment data due this week is likely to show a reversal in trends, as the number of people out of work rises above 4%.
If grinning engineers is a yardstick of success, Farra Engineering’s latest $1 million-plus building maintenance unit has passed its tests and trials with flying colours.
Dunedin probiotics manufacturer Blis Technologies continues to predict full-year revenue will come in above $7 million, and that it will turn a small maiden pre-tax profit.
The Government, employee organisations and unions have locked horns over proposed recommendations to implement national wage bargaining through fair pay agreements.