Skellerup’s industrial arm the standout
Skellerup’s industrial arm the standout
Skellerup's industrial division was the standout in the first half of the 2018 financial year, Forsyth Barr broker Damian Foster said yesterday.
Dene Mackenzie
5-year bright-line too much, says expert
5-year bright-line too much, says expert
The Government has gone too far with its attempt to dampen property speculation through an extension to the bright-line test, Dunedin tax expert Scott Mason says.
Genesis generates improved profit in first six months
Genesis generates improved profit in first six months
Genesis Energy produced a first-half profit slightly better than forecast, mainly from the generation portion of the business.
Disruption likely to affect airport growth
Disruption likely to affect airport growth
Auckland International Airport is expected to report its lowest level of earnings per share (EPS) growth in more than seven years when it reports its first-half results on Friday.
MP's colleagues pay tribute to man of strong convictions
MP's colleagues pay tribute to man of strong convictions
Dunedin National Party list MP Michael Woodhouse reacted with surprise and sadness when he learned yesterday of the resignation of party leader Bill English.
English quits out of blue
English quits out of blue
National Party MPs will spend a few more tense hours as the potential leaders of the party to replace Bill English announce their intentions.
Better balance may bring pressure
Better balance may bring pressure
New Zealand is still regarded as one of the healthiest economies in the world and that was demonstrated when the Crown accounts provided a more positive view of the half-year financial results than expected.
Cards show a rise in retail spending
Cards show a rise in retail spending
Retail card spending has started the year on a strong footing as core spending recovered from its December dip.
Volatility in global markets expected
Volatility in global markets expected
Domestic data out this week will pale into insignificance compared with developments offshore, particularly those in global equity markets, BNZ head of research Stephen Toplis says.
Fletcher Building expected to trade today on bad news
Fletcher Building expected to trade today on bad news
Fletcher Building shares are expected to begin trading this morning with brokers poised to update their forecasts once the bad news is absorbed.
Short-term pain for Michael Hill
Short-term pain for Michael Hill
The 2018 financial year is set to be messy for Michael Hill International as the jeweller works through the exit from the United States and the Emma & Roe transformation.
Retailers urged to be careful
Retailers urged to be careful
Employers and workers will both need to be careful dealing with the implications of retailers being allowed to open on Easter Sunday.
Little room seen for OCR change
Little room seen for OCR change
The hurdle for moving the official cash rate either up or down is very high, at least in the first half of this year, BNZ interest rate strategist Nick Smyth says.
Modest growth expected in SkyCity's first-half profit
Modest growth expected in SkyCity's first-half profit
SkyCity starts the latest New Zealand reporting season this morning and only modest growth is expected in its first-half operating profit.
BNZ offers 4.39% for 12 months after cash rate unchanged
BNZ offers 4.39% for 12 months after cash rate unchanged
The Bank of New Zealand yesterday introduced a 12-month fixed-term lending rate of 4.39% after the Reserve Bank held its official cash rate unchanged at 1.75%.
Transaction amounts falling, Paymark figures show
Transaction amounts falling, Paymark figures show
New Zealand's low inflation rate is having an effect on the amount Kiwis are spending, the latest Paymark figures suggest.
Immigration cuts concern for South
Immigration cuts concern for South
A cut in migration numbers at the levels projected by the Government would have a catastrophic effect on the southern economy, Clutha-Southland MP Hamish Walker said yesterday.
Interest rates stay low
Interest rates stay low
The Reserve Bank this morning left the official cash rate (OCR) unchanged at 1.75% with many economists now believing interest rates will stay low until at least 2019.
Unemployment falls to 4.5%
Unemployment falls to 4.5%
Unemployment has fallen to a nine-year low in New Zealand but more jobs are needed and there has been very little movement in wage levels, hardly lifting in a way to suggest broader inflation is about to be unleashed.
ASB six-monthly cash profit increases 15%
ASB six-monthly cash profit increases 15%
ASB Bank had a strong six months ended December 31, improving both its before and after-tax profits by 13% in the period.