Brokers retain hold advice
Brokers retain hold advice
Sharebrokers Forsyth Barr and Craigs Investment Partners are retaining their hold recommendation on Telecom shares while at the same time revising their profit forecasts.
Dene Mackenzie
NZ's risk rating 'improving'
NZ's risk rating 'improving'
New Zealand's country risk was upgraded from deteriorating at the start of the year to improving by Dun and Bradstreet, but the credit reporting agency warns there is still work to be done.
Hide vows to stop regulatory wave
Hide vows to stop regulatory wave
Regulatory Reform Minister Rodney Hide yesterday vowed to stop a "tidal wave of regulation" that businesses in New Zealand had to deal with.
Govt controls urged for finance firms
Govt controls urged for finance firms
There is an urgent need for tougher rules relating to finance companies, Massey University school of economics and finance lecturer Bill Wilson says.
Lombard directors charged
Lombard directors charged
The Securities Commission has laid criminal charges against Lombard Finance and Investment directors Sir Douglas Graham, Michael Reeves, William (Bill) Jeffries and Lawrence Bryant.
Telecom to target 200 job losses
Telecom to target 200 job losses
Telecom has revised its forecast earnings in coming years, compounding months of difficulties with both regulation and operation, and also announced a targeted reduction of 200 management jobs this year.
Easter provides boost but retail data likely to be flat
Easter provides boost but retail data likely to be flat
Household indicators take centre stage this week with retail figures for February, out today, likely to be meek.
A2 name likely to disappear
A2 name likely to disappear
Dunedin-founded biotechnology company A2 seems destined to disappear following an announcement yesterday it was in merger discussions with its Australian counterpart, Freedom Nutritional Products.
Currencies react to Greek aid plan
Currencies react to Greek aid plan
Global currencies yesterday jumped to their highest levels against the United States dollar in several months after Euro zone finance ministers approved a giant 30 billion ($NZ57 billion) emergency aid package for debt-plagued Greece.
Outlook believed bright for Waitaki
Outlook believed bright for Waitaki
The Waitaki District has several major projects with consent approvals, which if started, could lift the district's economic growth well above previous periods.
Farming, loyalty stalwarts of economy
Farming, loyalty stalwarts of economy
The future success of the Clutha District relies on the fortunes of its sheep and beef farmers, but the loyalty of its residents has played a major part in the way the district has survived the recession.
Guarantee scheme inclusion saves SCF
Guarantee scheme inclusion saves SCF
The South Island economy has received a major boost with the inclusion of troubled finance company South Canterbury Finance in the Government's extended retail deposit guarantee scheme from October 12.
Convoluted but rewarding
Convoluted but rewarding
Linda Fairstein appears to have suffered something of an identity crisis when she wrote Hell Gate.
Confidence up for South Island employers
Confidence up for South Island employers
South Island employers have reported the highest level of confidence across New Zealand, with a net 26.1% of employers indicating an intention to increase their permanent staff levels in the months ended June.
AXA accepts plan by NAB for takeover
AXA accepts plan by NAB for takeover
National Australia Bank yesterday won the first round in its $A14 billion ($NZ18.1 billion) takeover plan of AXA Asia Pacific (AXA AP), but it still must await the decision of the Australian competition watchdog.
NAB-AXA agreement likely
NAB-AXA agreement likely
The future of AXA Asia Pacific Holdings' (AXA AP) Australian and New Zealand businesses could be known as early as today.
Shell retail buyout has downstream benefits
Shell retail buyout has downstream benefits
The distribution and retail businesses of Shell New Zealand will become New Zealand-owned on Thursday when an Infratil-New Zealand Superannuation Fund consortium buys the operations.
Eco-luxury start-up seeks $10m
Eco-luxury start-up seeks $10m
Investors will need to take a long-term view when considering investing in Ecoya Ltd, a body and bath and home fragrance business seeking $10 million in an initial public offering (IPO).
Receivers apply to delist Strategic
Receivers apply to delist Strategic
Strategic Finance preference shareholders yesterday received the bad news they were probably expecting but were hoping would not arrive.
No doubts over Chinese desire for dairy
No doubts over Chinese desire for dairy
Questions will remain about the viability of plan by a Chinese company to invest $1.5 billion in the New Zealand dairy industry, but one thing is certain - the desire by China to invest overseas.