Fletcher Building to sell construction arm
Fletcher Building has reached a binding agreement to sell its construction division to major international firm Vinci Construction.
Business
Otago just short of ‘aspirational’ rise
Otago just short of ‘aspirational’ rise
Property investors across Otago will be "a wee bit gutted" prices did not quite double over the past decade, a Dunedin landlord says.
Engineering company liquidated, $1.8m owed
Engineering company liquidated, $1.8m owed
A Canterbury civil engineering and construction company is in liquidation owing creditors more than $1.8 million.
Incomes not keeping up with cost of living - survey
Incomes not keeping up with cost of living - survey
A major union-backed survey shows more workers reporting their incomes are not keeping up with the cost of living.
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Creditors not hopeful as debt reaches $1.8m
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Creditors not hopeful as debt reaches $1.8m
A business owed money by a North Otago organic farm has lost hope of ever being paid as the liquidated company’s debt balloons to more than $1.8 million.
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MARS in strong position to make sales this quarter
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MARS in strong position to make sales this quarter
Christchurch company MARS Bioimaging has exceeded a capital-raise target with an oversubscribed $15 million to put its colour CT scanners into medical clinics.
Price of white bread skyrockets
Price of white bread skyrockets
The cost of a loaf of white bread has shot up by almost 60% while other food prices have tumbled, the latest figures show.
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Chch home value growth lures buyers
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Chch home value growth lures buyers
Auckland first-home buyers and other out-of-towners continue to be lured to Christchurch as property values grow at a faster rate than other main centres.
61 shops announce closures in 10 days
61 shops announce closures in 10 days
We are only half-way through the first month of the year and already the business closures are mounting.
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Good things can be fast-tracked: Campbell
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Good things can be fast-tracked: Campbell
Anna Campbell was recently named the 2025 Young Enterprise Scheme Alumna of the Year.
Govt tourism campaign to target lower South Island
Govt tourism campaign to target lower South Island
"We're backing the South to shine."
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'A couple of big bills and that’s all it takes'
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Difficult decision as cafe closes
Tough economic times have forced a Dunedin business owner to make the "heartbreaking" decision to close her small community cafe after five years in business.
EB Games stores to close at end of month
EB Games stores to close at end of month
EB Games is shutting down its New Zealand business and closing all its stores at the end of the month.
Cost of building a new house set to rise
Cost of building a new house set to rise
It could become more expensive to build a house this year.
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Hail storms cause up to $10m in crop damage
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Hail storms cause up to $10m in crop damage
Arable growers are reeling from up to $10 million in crop losses after a trio of widespread hail storms whipped through Canterbury farms.
Tough December for retailers but Otago bucks trend
Tough December for retailers but Otago bucks trend
It was a quiet end to December for many retailers, though Otago managed to buck the national downward turn.
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Boon for South Island as visitor numbers grow
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Boon for South Island as visitor numbers grow
Free-spending Aussies are leading the charge as an influx of tourists arriving in Christchurch spend their overseas currency on South Island attractions.
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Cafe chain to open George St location
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Cafe chain to open George St location
National cafe chain Coffee Culture has confirmed its plans to open a second store in Dunedin.
Retail chain Yoyoso placed into liquidation
Retail chain Yoyoso placed into liquidation
Retail chain Yoyoso has been placed into liquidation owing millions of dollars, and liquidators say it is unlikely unsecured creditors will get their money back.
'Nothing really like us that's been done before'
'Nothing really like us that's been done before'
The co-owners of a new supermarket in Christchurch say shoppers have been turning out in their droves since the store opened last week.