Telecom trims capital expenditure forecast
Telecom trims capital expenditure forecast
Telecom has reduced its full-year capital expenditure forecasts in the latest trading outlook released yesterday.
Dene Mackenzie
Household debt expansion slows
Household debt expansion slows
Household balance sheets have adjusted modestly, Treasury papers released this week show.
Rate decision extreme, Vodafone says
Rate decision extreme, Vodafone says
The Commerce Commission had taken an "extreme view" on the mobile termination rates regulations released yesterday, Vodafone corporate affairs general manager Tom Chignall said.
Westpac records buoyant first half as earnings grow
Westpac records buoyant first half as earnings grow
Westpac New Zealand chief executive George Frazis had plenty to smile about yesterday when he released the bank's first-half earnings.
Move may herald fresh takeover bid
Move may herald fresh takeover bid
The appointment of Ted van Arkel to the board of The Warehouse Group could again open the way for Australian supermarket giant Woolworths to launch a takeover bid for the Red Sheds.
Banks expected to come under fire again
Banks expected to come under fire again
Australian banks, and their New Zealand arms, are likely to come in for criticism again if they continue with the trend set yesterday by ANZ Banking Group, which reported a record half-year profit.
Hide pledges support to Brash
Hide pledges support to Brash
A relaxed Rodney Hide enjoyed support from passers-by in Dunedin's Octagon as he pledged his support to new Act New Zealand leader Don Brash and promised not to force a by-election in Epsom.
Drop in unemployment expected; slight increase in wages
Drop in unemployment expected; slight increase in wages
Unemployment figures are expected to have fallen in the three months ended March following figures released yesterday showing encouraging signs in employment demand.
Businesses paying bills with credit cards
Businesses paying bills with credit cards
More small business owners were turning to credit cards to finance their companies, something which was not the most effective way of running a business, Debtworks director David Young said yesterday.
April share performance lures investors
April share performance lures investors
Investors returned to sharemarkets last month with most indices showing positive monthly returns.
Smartphones toughening up
Smartphones toughening up
Telecom and Motorola have launched a new smartphone they say was designed to withstand the rigours of everyday life.
Tax Freedom Day spells bad news
Tax Freedom Day spells bad news
New Zealanders have little reason to celebrate "Tax Freedom Day" tomorrow if they compare things across the Tasman or over in the United States.
Miner reaps benefit of demand and high prices
Miner reaps benefit of demand and high prices
High gold prices and increasing demand for gold helped boost Oceana Gold's profit substantially in the three months ended March.
Foster's will gain from demerger
Foster's will gain from demerger
The demerger of Australia's Foster's Group should give growth impetus to the beer business as the group returned to its core business of brewing, Craigs Investment Partners broker Chris Timms said yesterday.
South Island companies resilient after quake
South Island companies resilient after quake
South Island listed companies suffered a setback from the Canterbury earthquake but have shown considerable resilience, the latest Deloitte South Island index shows.
'Big Splash' for Ngai Tahu
'Big Splash' for Ngai Tahu
Ngai Tahu Tourism is spending $10 million to upgrade its Rainbow Springs Kiwi Wildlife Park in Rotorua.
Fuel prices, aircraft put trade balance in deficit
Fuel prices, aircraft put trade balance in deficit
New Zealand's trade balance recorded a seasonally adjusted deficit of $428 million in the three months ended March, largely due to one-off imports of large aircraft and higher fuel prices.
Hide made his own decision: Calvert
Hide made his own decision: Calvert
Dunedin-based list Act New Zealand MP Hilary Calvert says she received no personal concessions from incoming party leader Don Brash to support his challenge to former leader Rodney Hide.
Brash returns to the game
Brash returns to the game
The Don-Key team will be officially back in action from tomorrow when the Act caucus and board endorse former National leader Don Brash as the party's new leader.
Bollard not worried by OCR news
Bollard not worried by OCR news
New Zealand Reserve Bank governor Alan Bollard took a relaxed tone yesterday when announcing that the official cash rate would stay unchanged at 2.5%.