Move to Mitre 10 anticipated
Move to Mitre 10 anticipated
Pumpkin Patch chief executive Neil Cowie has been lured away to become head of Mitre 10, saying he is looking forward to taking up the role in the highly competitive do-it-yourself sector.
Dene Mackenzie
Sound basis seen for 3% rise in confidence
Sound basis seen for 3% rise in confidence
Doing the basics well is helping business confidence increase in New Zealand, with the ANZ Business Outlook recording a 3% rise in confidence to a net 53% of respondents expecting better times ahead.
Property investors face some earthquake risk; urged not to panic
Property investors face some earthquake risk; urged not to panic
Investors in listed property vehicles (LPVs) are being urged not to panic in the wake of recent earthquakes in Wellington.
Fewer dwelling consents in June
Fewer dwelling consents in June
Fewer dwelling consents were issued in June than most economists expected but Auckland and Christchurch remain the drivers of future growth.
Shares seen as best investment, ASB says
Shares seen as best investment, ASB says
Investor confidence may have fallen in the three months ended June but any uncertainty about overseas events failed to dent the popularity of the New Zealand sharemarket.
Focus on central banks this week
Focus on central banks this week
Central banks will be the major focus of financial markets this week with the Bank of England, European Central Bank and Federal Reserve all scheduled to make rate announcements.
Labour policy may breach FTA
Labour policy may breach FTA
Labour's policy of restricting non-residents from buying property would have serious legal, economic and political ramifications because of New Zealand's free-trade agreement with China, lawyer Stephen Franks said yesterday.
Employers, workers put views on 6A Bill's proposed changes debated
Employers, workers put views on 6A Bill's proposed changes debated
Each side of the fraught debate of the Employment Relations Amendment Bill is claiming delight and satisfaction with the number of submissions made for and against retaining the controversial Part 6A of the legislation.
Rating agency alert for Tower
Rating agency alert for Tower
New Zealand insurance company Tower, and its subsidiaries, received a warning from rating agency A.M. Best yesterday as its outlook was revised to negative from stable in the wake of the Wellington earthquakes.
Macraes project praised
Macraes project praised
Hopes are high the review of Oceana Gold's operations - particularly of its Macraes gold project - will not cut deeply into the Otago economy.
Stronger kiwi will hurt, says broker
Stronger kiwi will hurt, says broker
New Zealand manufacturers are likely to be hurt hard as the kiwi continues to strengthen against the Australian currency, Craigs Investment Partners broker Chris Timms says.
Bank accused of 'weasel words' in statement
Bank accused of 'weasel words' in statement
The Reserve Bank has been accused of using ''weasel words'' as it sticks to its mantra that the official cash rate will remain unchanged at 2.5% until the end of the year.
Z Energy to list next month
Z Energy to list next month
Investors will have another listing to consider next month with confirmation yesterday energy retailer Z Energy will list on both the NZX and ASX.
Australia back as our largest market
Australia back as our largest market
The June trade balance was once again stronger than expected, with a surplus of $414 million. There was also an improvement on a seasonally-adjusted basis.
Minding basics at SBS Bank
Minding basics at SBS Bank
SBS Bank would continue to invest in the infrastructure of its business in the coming 24 months, chief executive Ross Smith told the annual meeting in Invercargill yesterday.
Weather affects Mighty River hydro production
Weather affects Mighty River hydro production
Dry conditions in the North Island resulted in Mighty River Power reporting in April its lowest monthly hydro production on record, the company said yesterday.
Key says housing priority on first-home buyers
Key says housing priority on first-home buyers
First-home buyers remain a priority for the Government with Prime Minister John Key keen to see all New Zealanders having the opportunity to buy a house.
Restricted lending on cards
Restricted lending on cards
The Reserve Bank's loan-to-value ratios (LVRs) could be in place later this year if recent housing and credit trends continued, ASB chief economist Nick Tuffley said yesterday.
Warehouse praised for 'career' wage
Warehouse praised for 'career' wage
Details of The Warehouse Group's ''career retailer wage'', released yesterday, would put pressure on other retailers, Craigs Investment Partners broker Greg Easton said.
Investors' confidence unshaken
Investors' confidence unshaken
Investors in New Zealand's listed property sector were taking Wellington's earthquakes in their stride with only small movements in share prices yesterday.