Another complication arose yesterday to the forthcoming sale of state-owned Meridian Energy after the Keep Our Assets coalition's petition reached the required numbers to trigger a referendum.
It could still be a volatile few weeks for investors as September was historically the worst month for the United States market, Craigs Investment Partners broker Chris Timms said yesterday.
A2 Corporation has been an exciting and welcome addition to the NZX-50 index, Milford Asset Management portfolio manager Mark Warminger says.
The feelings of ease about New Zealand's growing economic dependence on China took a battering in August following the Fonterra milk powder scare, BNZ chief economist Tony Alexander says.
The Punakaiki Fund, which aims to raise between $20 millon and $50 million to invest in New Zealand's internet and technology businesses, declared itself open for business yesterday.
About $62 million of earthquake-related consents were issued in Canterbury in July, of which $36 million was for residential work and $25 million for non-residential work, according to Statistics New Zealand.
Investment company Hellaby Holdings would remember the 2013 financial year as a turning point in which significant progress was made towards reshaping its investment portfolio, chairman John Maasland said.
National carrier Air New Zealand capped off a busy year with significantly improved profits, dividends and cash flow for the year ended June 30.
State-owned Genesis Energy paid out a $114 million dividend to the Government in the year ended June, nearly $10 million more than its reported profit of $104.5 million.
The New Zealand Superannuation Fund continued its run of impressive returns, reporting a record 25.8% return in the year ended June thanks to some astute investing.
The Government can breathe a sigh of relief after Mighty River Power yesterday reported financial results ahead of its prospectus forecasts, Craigs Investment Partners broker Chris Timms says.
An after-tax profit of close to $100 million by Kiwibank helped New Zealand Post lift what would otherwise have been an ordinary profit for the year ended June.
Costs higher than forecast provided a disappointing note to the New Zealand Oil & Gas financial report for the year ended June, Forsyth Barr broker Peter Young said yesterday.
The Labour Party talent showcase for the three MPs vying to become party leader will roll into Dunedin early next month, courtesy of taxpayer funding.
Indications that Chorus would spend more on capital expenditure in the 2014 financial year were disappointing, although the higher costs were expected, Craigs Investment Partners broker Chris Timms said yesterday.
Heartland New Zealand reported an improved operating profit for the year ended June but its reported profit was hit hard after incorporating charges to take control of distressed assets previously managed by Pyne Gould Corp.
There is plenty of scope for Inland Revenue to use Dunedin technology talent as it develops its new fit-for-purpose tax system, Deloitte Dunedin taxation partner Peter Truman says.
Telecom failed to excite the market yesterday with its June-year profit announcement, but it did give investors certainty the 16c-per-share dividend would remain in place for at least another two years.
The Labour Party caucus may have to swallow its collective pride and support David Cunliffe as the next party leader as the MPs consider how to save their jobs at the 2014 general election.
David Cunliffe and Grant Robertson are seen as the most likely of all Labour MPs to become leader and deputy leader of the party, after David Shearer announced his resignation after 20 months in the top job.
