Good, bad news for manufacturing
Good, bad news for manufacturing
The latest BNZ-BusinessNZ performance in manufacturing index delivered both good and bad news for the Otago-Southland region when it was released yesterday.
Dene Mackenzie
Michael Hill International profit up
Michael Hill International profit up
Listed jeweller Michael Hill International has reported an improved operating profit and interim dividend for the six months ended December, continuing a recent trend of lifting its market performance.
Govt unlikely to alter taxing despite council pleas
Govt unlikely to alter taxing despite council pleas
Finance Minister Bill English is unlikely to be swayed by a last-minute plea from the Council of Trade Unions yesterday to change the Government's fiscal objectives.
Profit makes hand-out void: Greens
Profit makes hand-out void: Greens
SkyCity Entertainment's record profits highlighted how unnecessary it was for the Government to change legislation in exchange for a new convention centre, Green Party MP Denise Roche said yesterday. Ms Roche questioned why such a profitable company was relying on a Government "hand-out".
Carpet maker's sharestaking beating on shock
Carpet maker's sharestaking beating on shock
Carpet maker Cavalier Corp spooked investors yesterday.
Cavalier Corp shares were slashed in value yesterday after the carpet maker surprised investors with a gloomy outlook for its full-year profit.
The surprise came when Cavalier made its announcement on its full-year profit only five days before it is due to announce its result for the six months ended December.
Young take KiwiSaver 'path of least resistance'
Young take KiwiSaver 'path of least resistance'
New research on KiwiSaver has confirmed fears that young savers are not as actively involved in their pension planning as they should be, Forsyth Barr superannuation specialist Damian Foster says.
Market punishes Mainfreight
Market punishes Mainfreight
A poorer-than-expected third-quarter performance by Mainfreight disappointed investors, who punished the shares yesterday despite the company saying its nine-month profit passed $100 million for the first time.
MP articulates his vision of social justice
MP articulates his vision of social justice
A Christian upbringing has instilled a strong sense of social justice in Dunedin North MP David Clark, who yesterday pledged to fight for greater equality for New Zealanders.
Opus reports successful despite global challenges
Opus reports successful despite global challenges
One of New Zealand's most highly regarded engineering companies, Opus International Consultants, reported a solid result in what was described as a challenging year.
Asset sales consultation moves south
Asset sales consultation moves south
Finance Minister Bill English is likely to face protests today when the asset sales consultation processes moves south to the Murihiku marae in Invercargill.
Greek austerity deal settles markets
Greek austerity deal settles markets
Financial markets are expected this week to show continued enthusiasm for the latest round of drastic austerity measures approved yesterday by Greek lawmakers.
Freightways pulls ahead of forecasts
Freightways pulls ahead of forecasts
Listed logistics firm Freightways yesterday reported a six-month profit ahead of market expectations and declared an interim of 8.5c per share, again ahead of expectations.
Investor tale has currency
Investor tale has currency
The Fear Index is a well-known measure of stock market volatility in the United States, measuring as it does the market perception of how stocks will play out in any given circumstances.
Mean streak part of Apple genius, biographer says
Mean streak part of Apple genius, biographer says
Tackling the definitive biography on the late Steve Jobs, the co-founder of Apple Inc, was a daunting task given the overwhelming grief that followed his death.
Fast-growing NZ tech Optimizer makes first acquisition
Fast-growing NZ tech Optimizer makes first acquisition
Optimizer HQ, one of New Zealand's fastest-growing technology companies, has made its first strategic purchase soon after listing on the Frankfurt Stock Exchange.
Ruin can be averted but long-term reform needed
Ruin can be averted but long-term reform needed
ASB chief economist Nick Tuffley remains convinced European policy-makers will do enough to avert disorderly financial disruption, but says it may take decades of adjustment to ensure the long-term survival of the euro zone. Business editor DeneMackenzie looks at Mr Tuffley's reasoning.
Drop in tax take may start to bite
Drop in tax take may start to bite
Falling tax revenue could start to hurt the Government's account in the present financial year as Finance Minister Bill English prepares his 2012 Budget.
Exclusion irritates Chamber of Commerce
Exclusion irritates Chamber of Commerce
The exclusion of Dunedin from the iwi consultation for partial state-owned enterprise share floats has rankled Otago Chamber of Commerce president Peter McIntyre.
Economist warns against cargo cult mentality
Economist warns against cargo cult mentality
BNZ chief economist Tony Alexander is warning against complacency and adopting a cargo-cult mentality in assuming the swelling of China's middle class in the next 15 years will take care of the New Zealand economy.
Low interest environment seems set to continue
Low interest environment seems set to continue
The Reserve Bank seems unlikely to lift its official cash rate above 2.5% before sometime next year but that does not mean New Zealand borrowers will be immune from rising bank lending rates.