NZ investors lose as SpaceX shares nosedive
SpaceX's share price slump is a reminder to New Zealand investors of the hype that can circle a new listing, commentators say.
Business
Price increases affecting sector
Price increases affecting sector
As residential construction costs continue to rise, conditions are becoming less favourable for both builders and households, an analytics company says.
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Apartments, retail to revive ‘dead’ site
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Apartments, retail to revive ‘dead’ site
A planned apartment and retail project in central Dunedin will breathe new life into a ‘‘dead’’ building, its developer says.
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Significant benefits seen in inland port
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Significant benefits seen in inland port
Construction of a proposed inland port near Mosgiel could inject more than $190 million into the economy and create nearly 1500 jobs over 10 years, an economic assessment estimates.
60 jobs threatened as Kaitāia mill confirms closure
60 jobs threatened as Kaitāia mill confirms closure
A mill in Northland is closing down, with no buyer or government investment stepping in to save 60 jobs under threat.
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Financial woes sink award-winning firm
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Firm director ‘pretty gutted’ unable to halt liquidation
The director of an award-winning Central Otago painting company being liquidated owing $1.6 million says he put his ‘‘heart and soul’’ into the business and is gutted he could not save it.
Food prices hit by conflict, but will it continue?
Food prices hit by conflict, but will it continue?
The impact of conflict in the Middle East is showing up in pressure on food prices as expected, three months after the conflict broke out, Infometrics says.
'Nothing to hide' in IKEA's NZ forestry operations
'Nothing to hide' in IKEA's NZ forestry operations
Swedish furniture company IKEA says it has "nothing to hide" with its forestry operations and is proud of what it is doing in New Zealand.
Gull, NPD complete merger
Gull, NPD complete merger
Fuel companies Gull and NPD have completed their merger after clearing regulatory hurdles earlier this year.
'Put the price of fuel up': raising taxes could lock in transport habit changes
'Put the price of fuel up': raising taxes could lock in transport habit changes
Raising fuel taxes as petrol prices start to fall could lock in the changes to transport habits kick-started by the fuel crisis, some say.
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Six new intern directors named for DCHL companies
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Six new intern directors named for DCHL companies
Dunedin City Holdings Ltd (DCHL) has announced the six emerging directors selected for the 2026 intake of the DCHL Graham Crombie intern director programme.
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Firm optimistic about sector’s prospects
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Firm optimistic about sector’s prospects
A Dunedin engineering company manufacturing underground safe havens and recyclable toilets for the overseas mining sector says the local industry is turning a corner after a tough economic period.
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Naming rights deal to help show bounce back
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Naming rights deal to help show bounce back
The three-day Canterbury A&P Show is returning to a position of financial strength boosted by a major naming rights sponsorship deal.
NZ and India agree strategic partnership
NZ and India agree strategic partnership
NZ and India's Prime Ministers have agreed a strategic partnership, with ambitions to double trade and bolster maritime security by 2030.
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Owners confident $1.2m IRD debt can be repaid
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Owners confident $1.2m IRD debt can be repaid
The owners of Dunedin engineering firm Site Weld are confident they can repay $1.2 million owed by its former trading company to Inland Revenue Te Tari Taake.
Ridership grows in price war
Ridership grows in price war
A fare-cutting duel is intensifying in Christchurch as competition heats up between rideshare rivals Uber and DiDi.
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Santana chair obtains 1.6m shares after drill result
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Santana chair obtains 1.6m shares after drill result
Santana Minerals’ board chairman has bought more than $800,000 worth of shares within a day of the company announcing high-grade gold drill results.
Banks bump up interest rates following OCR rise
Banks bump up interest rates following OCR rise
ASB, BNZ, Westpac and Kiwibank have all now made adjustments to their floating interest rates, in the wake of this week's official cash rate increases.
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Soaring fuel costs hurting vulnerable people: study
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Soaring fuel costs hurting vulnerable people: study
Skyrocketing fuel costs over the past few months have left many vulnerable people with little choice but to either absorb rising transport costs or miss essential trips to healthcare appointments,...
Chicken restaurant finally open after customers cry fowl over delay
Chicken restaurant finally open after customers cry fowl over delay
A new Dunedin chicken restaurant has finally opened its doors after ruffling the feathers of hungry customers who were turned away this morning.