For the seventh consecutive time, the Reserve Bank announced this morning the official cash rate will remain steady at 2.5%. Forsyth Barr investment advisor Tony Conroy is not surprised by the announcement, but says the most interesting aspect was the accompanying statement which confirms rates probably will increase towards the middle of the year. ›read more

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The latest hike in the cost of petrol means prices are now at their highest in 18 months. This comes after BP and Caltex bumped prices up by 5c a litre, which is the second price rise in a week. And it's not just petrol, diesel is now sitting at 115.9c, up 3c a litre. All the major petrol companies raised their petrol prices by 5c a litre on March the 5th. ›read more

Property values in Dunedin are increasing, according to figures recently released by QV Valuations. Statistics point to a 6.2%increase over the past year, which was calculated over the three months ending February 2010. The average sale price in Dunedin has also increased nearly $7,000 sitting at just under $286,000. ›read more

Residential building activity is picking up, according to figures released today by Statistics New Zealand. The volume of activity has increased 7.4% in the December 2009 quarter, after removing seasonal effects. In contrast, the volume of non-residential building activity fell 6.1%, the third consecutive quarterly fall. Business statistics manager Louise Holmes-Oliver says ›read more

The latest financial report for June to December 2009 for Dunedin International Airport was released by chairman Richard Walls this morning. The Airport company recorded a gross revenue of more than $4m, which is a 2.4% percent increase on the same period for 2008. ›read more

Positive chickens could be coming home to roost for KFC, with its parent company recording a $67 million profit. Shares in Restaurant Brands, which owns the KFC brand among others, rose 11% to a 7 and a half year high after the announcement. ›read more

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The Australian Reserve Bank rose its official lending rate, their version of our Official Cash rate, for the fourth time in five months today. Financial Analyst Tony Conroy of Forsyth Barr believes it shows the strength of the Australian economy. ›read more

At today's meeting of the Dunedin City Council a report from Dunedin Venues Management Limited was discussed, and
one sticking point in the report was the topic of subvention payments to shareholders. Many of the councillors were either concerned about or didn't know what subvention payments were. ›read more

Hillside Engineering is tendering for a $500 million dollar contract, which would mean more than just new jobs if it comes to pass, according to Otago Chamber of Commerce CEO John Christie. In November last year, the Government announced a $500M loan to Kiwi Rail to invest in Auckland's metro rail system to buy electric trains. ›read more