Commercial property investors shaky
Commercial property investors shaky
The confidence of investors in Dunedin commercial property slumped in the three months ended December with the city now the fourth least optimistic region in the country.
Dene Mackenzie
Otago ranks lowest in consumer confidence
Otago ranks lowest in consumer confidence
Consumer confidence in Otago slumped in the three months to December, with the region languishing at the bottom of the Westpac McDermott Miller consumer confidence index.
Allied Farmers will issue shares to Hanover investors today
Allied Farmers will issue shares to Hanover investors today
Hanover investors will be issued their new Allied Farmers shares after 6pm today, and trading will start at 10am on Monday.
Hanover investors approve deal
Hanover investors approve deal
All eyes will be on the Allied Farmers share price when the company comes out of a trading halt this morning, Craigs Investment Partners broker Chris Timms said.
Govt gets tick for state asset listing
Govt gets tick for state asset listing
The National-led Government yesterday received approval for what many already believe will happen after the next election - the partial privatisation of state assets.
Debt and finance costs expected to soar
Debt and finance costs expected to soar
The Government's net debt and core finance costs are set to soar between now and 2014, with Finance Minister Bill English saying that highlights the ongoing need for restraint.
Policy lacks detail: economist
Policy lacks detail: economist
The Government's Budget policy statement attempted to hit all the right notes yesterday but was lacking detail, ANZ-National Bank chief economist Cameron Bagrie said.
Better offer for AXA likely to succeed
Better offer for AXA likely to succeed
An improved offer yesterday by AMP Ltd and France's AXA SA for AXA Asia Pacific Holdings would probably succeed, Craigs Investment Partners broker Chris Timms said.
Benefits all round as life of Macraes, Reefton gold mines extended
Benefits all round as life of Macraes, Reefton gold mines extended
Oceanagold has again extended the life of its Macraes and Reefton gold projects, this time thanks to an improved gold price making previously unprofitable deposits economic to mine.
Christmas rush helps service industry bounce back
Christmas rush helps service industry bounce back
An early Christmas rush has helped give a substantial boost to the Otago-Southland service industry, along with the rest of New Zealand.
Budget stakes put English in hot seat
Budget stakes put English in hot seat
Finance Minister Bill English faces some testing challenges when he presents today the Government's Budget policy statement and half-year fiscal update.
Restoration product of the recession
Restoration product of the recession
Business partners Lawrie Forbes and Craig McNaughton took the prudent step of looking for a project to keep their workers employed if there was a downturn.
Avoid 'stat daze', firms told
Avoid 'stat daze', firms told
Christmas and New Year statutory holidays are again likely to cause confusion for employers, who are being urged to seek professional advice to avoid making pay errors to their workers.
Allied shareholders in favour of plan
Allied shareholders in favour of plan
The Allied Farmers proposal to buy the assets of failed finance company Hanover Finance took a major step forward yesterday when Allied shareholders voted in favour of the plan.
Positive signs but bumpy road: English
Positive signs but bumpy road: English
The Treasury's latest monthly economic indicators provided a mixed view of the economy and reinforced risks around the shape of the recovery, Finance Minister Bill English said yesterday.
Official cash rate unlikely to change
Official cash rate unlikely to change
The Reserve Bank on Thursday is expected to keep the official cash rate (OCR) at 2.5%, despite the Australian central bank last week lifting its main lending rate 0.25% to 3.75%.
Government now borrowing $450 million a week – claim
Government now borrowing $450 million a week – claim
The Government is borrowing about $450 million a week, well up from the $250 million a week previously revealed, BNZ Capital economist Craig Ebert says.
Allied's asset plan risky: Perpetual
Allied's asset plan risky: Perpetual
Perpetual Trust chief executive Louise Edwards is warning of significant risks and uncertainty regarding the Allied Farmers proposal to take over the assets of Hanover Finance and United Finance.
Hefty increases in salary
Hefty increases in salary
outhern meat processing company leaders appeared to cash in on the high meat prices seen by their farmer shareholders and suppliers.
Watershed year for Silver Fern Farms
Watershed year for Silver Fern Farms
The 2009 financial year would be recorded as a watershed year for Silver Fern Farms, chairman Eoin Garden wrote in the company's annual report.