EziBuys old offshore
EziBuys old offshore
Woolworths, the parent company of New Zealand's Progressive Enterprises, has bought EziBuy Holdings from founding shareholders Peter and Gerard Gillespie and Catalyst Investment Managers for $350 million.
Dene Mackenzie
Price cuts make year ahead challenging for Vector
Price cuts make year ahead challenging for Vector
Energy infrastructure company Vector faced a challenging year ahead because of regulatory price cuts that had taken effect, Forsyth Barr broker Peter Young said yesterday.
Auckland airport upbeat about growth
Auckland airport upbeat about growth
Auckland International Airport remained optimistic about the 2014 financial year and was one of the few companies to provide profit guidance, Craigs Investment Partners broker Chris Timms said.
Thriving Trade Me posts $78.6m profit
Thriving Trade Me posts $78.6m profit
Online marketplace Trade Me reported a no-surprises profit for the year ended June, with a strong free cash flow and the ability to both invest for growth and sustain a dividend, Forsyth Barr broker Suzanne Kinnaird said.
Chch will require thousands more workers
Chch will require thousands more workers
Mobilising labour for the Canterbury rebuild presents the greatest labour-market challenge in a generation, the Ministry of Business, Innovation and Employment says.
Changes to IRD queried
Changes to IRD queried
Inland Revenue needed to look at how technology could help taxpayers deal efficiently with the department rather than using technology to take the cost out of the Government's administration, Deloitte Dunedin tax partner Peter Truman said yesterday.
SME job market stable but lack of growth lamented
SME job market stable but lack of growth lamented
The New Zealand small to medium enterprise (SME) job market has remained stable in recent times but the economic recovery and record business confidence is unlikely to translate into significant new employment.
Z listing may spur Govt Meridian worry
Z listing may spur Govt Meridian worry
The successful listing yesterday of Z Energy is likely to cause some concern for the Government as it prepares to list Meridian Energy, the largest of its state-owned energy companies, in October.
Analysts differ on Z
Analysts differ on Z
Transtasman analysts have decidedly different views on Z Energy, the fuel and services company which lists on the NZX this morning.
Broadband policy balancing everyone's interests
Broadband policy balancing everyone's interests
The Government is getting its broadband policy in order and has done a good job of balancing the interests of everyone, information technology, telecommunications and consumer market intelligence provider IDC says.
Cromwell pair take on NZ
Cromwell pair take on NZ
Cromwell siblings Carl and Amber McNulty are living their dream of staying in the place they love while doing business throughout New Zealand.
'Stunning financial result' for Michael Hill
'Stunning financial result' for Michael Hill
Listed jewellery retailer Michael Hill International produced a ''stunning financial result'' in difficult circumstances, Craigs Investment Partners broker Chris Timms said yesterday.
Job ads finally rise
Job ads finally rise
Job advertising finally showed a decent lift in July with the sum of newspaper and internet advertisements rising a seasonally adjusted 3.5%, ANZ senior economist Sharon Zollner said yesterday.
SkyCity down on revenue, earnings expectations
SkyCity down on revenue, earnings expectations
SkyCity Entertainment shares were sold down yesterday after the company disappointed investors with a lower than expected profit announcement.
ASB profit up 3% at record $705m
ASB profit up 3% at record $705m
A steadily improving New Zealand economy helped ASB record another record after-tax profit of $705 million for the year ended June, chief executive Barbara Chapman said yesterday.
Housing, spending link noted
Housing, spending link noted
Housing and low interest rates are playing a key role in driving the pick-up in consumer spending, BNZ senior economist Craig Ebert says.
Summit looks for positives
Summit looks for positives
Dunedin Mayor Dave Cull and Otago Chamber of Commerce president Peter McIntyre are fired up before this morning's summit to look at opportunities to grow the regional economies of Otago and Southland.
Bradken earnings down at $A183.6m
Bradken earnings down at $A183.6m
Bradken, the Australian-listed company which has an operation in Dunedin, yesterday reported reduced earnings and sales revenue for the year ended June 30.
Need seen for development: MP
Need seen for development: MP
Auckland business leaders were not objecting to the prospect of more development for regional New Zealand, Green Party co-leader Metiria Turei said yesterday.
View Meridian sale could raise $2.5b
View Meridian sale could raise $2.5b
State-owned energy company Meridian Energy is likely to list on the NZX on October 18 as the Government seeks to sell down 49% of the company to retail and institutional investors.