Dene Mackenzie

Millions of dollars are being wiped off profit forecasts from New Zealand companies as they adapt to new rules introduced in the Government's May Budget.

The 2008-09 financial year provided the perfect storm for airlines with record oil prices and significant increases in global capacity followed by a global financial crisis and demand destruction. Through all of this, Air New Zealand remained profitable.

Naylor Love managing director Trevor Kempton is to retire from his hands-on role with the construction company at which he has worked for 23 years.

SBS Bank has taken another step in its quest to have a national presence along the lines of the former Trust Bank model of a locally owned and operated banking network.

Deloitte Dunedin partner Mike Horne this week became the inaugural winner of the Otago-Southland branch of the Institute of Directors "aspiring director" award.

A prolonged "stoush" between Allied Farmers and Hanover Finance looks likely after Allied yesterday refused to pay the $5 million that was part of the agreement between the companies.

Telecom chairman Wayne Boyd earlier this week gave his commitment to staying with the telecommunications company as it goes through some tough times.

Fonterra shareholders have voted overwhelmingly in favour of allowing share trading among farmer suppliers, effectively moving the immediate prospective of a sharemarket float off the co-operative's agenda.

Consumers do not have much to look forward to tomorrow as a string of price and levy increases are brought in by the Government.

New Zealand workers are increasingly looking for new jobs as the recovery takes hold, but their bosses seem unaware of the workplace unrest, Adrian Goldsmith, from Leadership Management Australasia, says.

Shareholder's are expected to support tomorrow's vote on the third stage of Fonterra's capital restructuring and allow the trading of shares between shareholders.

Small and large businesses getting ready to change to the new rate of GST on October 1 are already raising issues with a panel of specialists appointed to consider issues and solve problems.

The economy has entered its second year of recovery with it becoming increasingly clear that future growth is likely to be driven by the country's core goods-producing sector.

Early Australian financial market euphoria at the elevation of Julia Gillard as Australian Prime Minister dissipated quickly once analysts started realising there was no promise of changes to some key Labor policies.