New Zealand Aluminium Smelters has lodged an appeal in the Employment Court saying an early decision imposed millions of dollars in additional costs on the operator of the Tiwai Point aluminium smelter.
Business interests have expressed their approval for the economic benefits the proposed $402 million international convention centre will bring to Auckland and New Zealand.
Dunedin chartered accountant Graham Crombie starts an ''exciting but daunting'' challenge today as he launches a consultation process on the future of the New Zealand and Australia Institute of Chartered Accountants.
Telecom will be holding a much-anticipated investor day on Wednesday with the key issue facing the company being falling revenue from the fixed-line portion of its business, Milford Asset Management portfolio manager Jason Windust says.
Dunedin-Based Motor Trade Finances continued to counter low business and consumer confidence through strong margins, asset growth and increasing funding efficiency, managing director Angus Bradshaw said yesterday.
The success yesterday of the Mighty River Power listing on the NZX would provide a huge boost for the next initial public offering coming to the market, Milford Asset Management senior analyst William Curtayne says.
Opening a Dunedin office demonstrated the commitment Dimension Data had to its clients and its desire to take a key role in the city's Information and Communications Technology (ICT) community, chief executive Simon Gillespie said yesterday.
The fall in unemployment in March left Tertiary Education, Skills and Employment Minister Steven Joyce smiling yesterday, although he did issue a note of caution.
A major barrier has been removed to software-led innovation in New Zealand following a change of heart by Commerce Minister Craig Foss.
Demand for Mighty River Power shares this afternoon is expected to come from New Zealand institutions that were scaled back in their requests and allocations.
The New Zealand dollar, the housing market and high borrowing in the agricultural sector are all providing major concerns for the Reserve Bank.
Forsyth Barr is staying with its buy recommendations for shares in both Contact Energy and TrustPower, despite about $413 million being wiped off the combined value of the two electricity companies.
World sharemarkets continue to rise as investor confidence improves and companies trading globally continue to profit, Craigs Investment Partners broker Chris Timms says.
The introduction of a ''career retailer wage'' on August 1 was welcomed yesterday by long-serving staff members at The Warehouse in South Dunedin.
Wage growth in the three months ended March was disappointingly low but it was still ahead of inflation, BNZ economist Doug Steel said yesterday.
The Warehouse yesterday sent a signal to the market that it was serious about about its new strategy by implementing a ''career retailer wage'' of between $18.50 and $20 an hour for qualifying staff.
Demand is still expected to be keen for Mighty River Power shares but the pricing of the shares today will give the best indication yet of any damage inflicted on the partial float of the company by Labour and the Greens.
The Reserve Bank of Australia has reduced its official cash rate to 2.75%, a quarter of a percentage point above the New Zealand rate of 2.5%.
Fletcher Building has become a much-watched stock after a broker presentation in Australia late last week sent the share price down, before a small rally yesterday.
Higher income earners in New Zealand seem to be getting pay rises, figures released yesterday by The Treasury seem to indicate.
