Retailer restarts capital expenditure
Retailer restarts capital expenditure
Clothing retailer Hallenstein Glassons has restarted its capital expenditure programme as it shows cautious optimism in the economic recovery.
Dene Mackenzie
Forecast profit in reach
Forecast profit in reach
Pyne Gould Corporation says it is on track to meet its forecast profit of $20.9 million for the year to June 30 and is well positioned to take advantage of an economic recovery.
Wider deficit has encouraging signs
Wider deficit has encouraging signs
New Zealand's current account deficit was much wider than expected in the year ended December but economists remain positive about economic growth prospects.
Global bonds reduced
Global bonds reduced
The global economic recovery continued to build but the increase risk of sovereign default has led to AXA Global Investors reducing its exposure to global bonds in the past three months.
Forecasters revise upwards expectations of economic recovery
Forecasters revise upwards expectations of economic recovery
New Zealand is facing an uncertain but optimistic recovery, a consensus of economic forecasts compiled by the New Zealand Institute of Economic Research says.
Treasury soon to decide SCF future
Treasury soon to decide SCF future
The future of South Canterbury Finance lies in the hands of Treasury and whether or not it accepts the Timaru-based finance company into the extended retail deposit guarantee scheme.
GDP figures set to show things are looking up
GDP figures set to show things are looking up
The economic recovery is thought to have been much broader in the three months ended December, with most areas posting an increase.
Company profits may surprise
Company profits may surprise
Our calculations suggest there was a substantial rebound in the fourth quarter.
Govt increases private role in state sector
Govt increases private role in state sector
Retail investors have the chance to own a piece of a school, prison or hospital through a $125 million fund launched by Craigs Investment Partners.
Kathmandu profit lifts shares 8%
Kathmandu profit lifts shares 8%
Shares of clothing retailer Kathmandu improved 8% in price yesterday as investors reacted positively to the nearly 50% rise in operating profit.
Opec maintains reduced output
Opec maintains reduced output
Oil prices touched $US83 ($NZ117) yesterday, coming within $US2 of this year's high on a recovery in demand in the United States and Opec's decision to leave output targets unchanged.
Consumers show less confidence
Consumers show less confidence
Rising interest rates and petrol prices, along with worsening unemployment combined to knock the confidence of consumers in the March quarter.
US economy key to pump prices in NZ
US economy key to pump prices in NZ
New Zealand motorists should receive some protection from sharp rises in the price of petrol at the pump as a sluggish United States economy and a continuing low dollar keep interest rates stable in the US.
Analysts ponder continuing flat retail
Analysts ponder continuing flat retail
Flat retail sales in January have left some analysts wondering why New Zealanders are not spending more as economic indicators improve.
Colostrum success shows way for NZ
Colostrum success shows way for NZ
Andrew Keech did not fancy staying on the family farm in Taranaki to milk cows. Instead, he established a multimillion-dollar business in the United States, using bovine colostrum. He spoke to business editor Dene Mackenzie during a whistle-stop visit to Dunedin this week.
Electricity companies spark city accounts
Electricity companies spark city accounts
The Dunedin City Council-owned electricity companies again provided some spark to the financial statements for the six months ended December 31.
Govt broadband plan given warm reception
Govt broadband plan given warm reception
The Government's plan to establish a Crown-owned investment company to spend up to $1.5 billion on high speed broadband infrastructure was warmly welcomed by the Telecommunications Users Association.
Concerned business people receive XT update
Concerned business people receive XT update
A small but vocal group of Dunedin business people yesterday met Telecom executive Paul Deavoll to receive an update on measures to strengthen the troublesome XT mobile network.
Bank finds satisfaction in cash-rate decisions
Bank finds satisfaction in cash-rate decisions
The Reserve Bank was feeling "pretty happy" with itself yesterday, Bank of New Zealand senior economist Stephen Toplis said.
South's industry stability returns
South's industry stability returns
Signs of stability were returning to manufacturing in Otago and Southland, Otago-Southland Employers Association chief executive John Scandrett said yesterday.