MediaWorks was likely to be relisted on the New Zealand Stock Exchange following the receivership deal announced on Monday, Craigs Investment Partners broker Peter McIntyre said yesterday.
The receivership of MediaWorks came under scrutiny yesterday as questions were raised whether the restructuring was a tax dodge and crony capitalism in action.
Drought and the Christchurch rebuild are expected to dominate the GDP data out tomorrow, with economic activity expected to have grown by 0.7% in the three months ending in March.
Another survey has dented claims by Opposition political parties that New Zealand's exporting manufacturing industries are in a state of crisis.
New Zealand food prices edged up in May, mainly through rising meat prices. However, food prices are still 0.1% below what they were this time last year.
The Otago-Southland region has been one of the beneficiaries of a resurgent manufacturing sector, which has reached its highest level of activity for nine years, a survey out yesterday shows.
Trade unions face another stoush with the Government after a Bill to allow employers to hire casual labour during a strike was drawn out of the ballot yesterday.
The Reserve Bank yesterday copped some flak from Bank of New Zealand economists, who called part of the central bank's statement on the official cash rate ''weasel words''.
Incoherency in the framework around the cost of using the copper network for internet access had caused a ''dramatic flight of international capital'' out of Chorus and New Zealand, Chorus chief executive Mark Ratcliffe said yesterday.
Electronic card spending figures released yesterday supported a gradual recovery and momentum in the consumer economy, Forsyth Barr broker Suzanne Kinnaird said.
New Zealand businesses expect the New Zealand dollar to peak in September against its United States counterpart, the latest ASB Kiwi Dollar Barometer shows.
World-class work from Fisher & Paykel Appliances designers in Dunedin has won a global award and the winning product, a built-in oven, is one of 70 products being launched today by the company.
Apple moved the competitive nature of the technology market up a notch yesterday with a much anticipated release of new products, which quickly won approval on the blogosphere.
Last year, Otago employed more than 94,600 full-time equivalent workers in more than 26,000 businesses, producing nearly $9 billion of gross domestic product. Business editor Dene Mackenzie finds ...
Auto Court director Nelson Cottle is breaking with tradition by building a new car sales yard off the beaten track and with an emphasis on displaying cars inside rather than having a large outside yard.
Property market focus continues to be on soaring values in Auckland and Christchurch, with the latest QV data for the three months ended May showing values increasing fastest in both those cities.
With top-end smartphones retailing about $800 for the device only, having two Windows 8 phones to test consecutively proved ideal.
Incoming revenue minister Todd McClay faces some big challenges in his new job, including coming to grips with 160 pages of new legislation before Parliament, Polson Higgs tax partner Michael Turner says.
Exporters will continue to feel less pain as the New Zealand dollar continues to fall after a United States jobs report showed the world's largest economy is recovering, leading to growing demand for the US currency.
The Reserve Bank's Monetary Policy Statement (MPS) due out on Thursday will attract more than its normal share of attention given the recent announcement it plans to implement some macroprudential tools as required.
