Retirement village operator Summerset's assets have grown 24% to top $2.8billion, but reported profit for the year declined 11% to $214.5million as property prices eased during the year.
The largest proposed shake-up in New Zealand tax law for at least 30 years will have far-reaching effects for every taxpayer in the country.
Business organisations reacted sourly to the Labour coalition Government proposals for an all-encompassing capital gains tax (CGT), citing complexity, cost and "investment distortions".
Oceana Gold finished its calendar 2018 year with a more than $US120 million ($NZ174 million) profit, and debt slashed by almost 60%, but all to a backdrop of rising mining costs.
Beleaguered Fletcher Building has returned to profit and there has been no addition to almost $1 billion in accumulated losses, which had prompted a sweeping restructuring and shareholder backlash.
The loan book of dual-listed Heartland Group, which owns Heartland Bank, has topped more than $4.2 billion as it eyes up further strong growth in the reverse mortgage market.
Total trade for the country's largest port, Port of Tauranga, has risen almost 9% for its half-year result, with expectations its full-year profit will be at the upper end of a forecast range of ...
Otago and Southland's services sector activity eased back in January, barely in expansion mode.
Business and political news this week is set to be dominated by the long-awaited Tax Working Group report on Thursday - and its recommendations around a capital gains tax (CGT).
Members of the public entering Otago forests without permits are endangering themselves, given the ongoing extreme fire risk.
More than $2.3billion was wiped off the value of the Deloitte South Island Index of listed companies for the quarter to December, and share value of three of the top four companies declined.
High country farmers have been thrown a curve ball as Land Information Minister Eugenie Sage yesterday announced proposed regulatory changes as to how 171 farmer-leaseholders in the South Island...
Manufacturing in Otago and Southland has delivered a seasonal January slump, largely credited to the Christmas shut-down period.
Extreme fire danger has prompted City Forests to close its estates to the public and staff and contractors are working restricted hours, probably for several weeks to come.
Otago and Southland are among five regions in the country reporting record median house price gains for January, as Auckland and Canterbury prices continue to ease.
The new Rio-class container vessels visiting Port Chalmers weekly are causing sleepless nights for some residents, because of large, noisy generators aboard the bigger ships.
Rubber product manufacturer Skellerup has turned in a record $13.4million half year after tax profit, largely through strong growth in its industrial division.
Plans to change the way vocational education is delivered have been welcomed by the Otago Southland Employers' Association, but there's concern at what effect it will have on Otago Polytechnic and SIT.
The Reserve Bank yesterday kept the interest-driving official cash rate at its record 1.75% low, as expected, but pushed out the next likely rate change into 2021.
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.