United Kingdom businessman Geoffrey Davies has carved himself out a hugely successful career, which saw him start by taking over a single company on the verge of bankruptcy and eventually turning it into an international group. Mr Davies tells Business Editor Dene Mackenzie he has not forgotten his Dunedin upbringing because it was instrumental in equipping him to build the business he now runs.
Red Sheds retailer The Warehouse Group yesterday provided some "reasonably positive" comments at its annual meeting but nothing to change forecasts or valuations, Forsyth Barr broker Ken Lister said.
A change of government has done nothing to lift business confidence, although the election of National appears to have stabilised what has been a turbulent year for confidence surveys.
Investors should be wary of chasing high interest rates as listed companies come to the market seeking cash, Reid Asset Management principal James Reid said yesterday.
Tower Australia Group has shrugged off impacts of the global financial crisis to report an improved profit of $A68.7 million ($NZ82 million), up 69% on the previous corresponding period.
Bond offers look likely to become increasingly popular ways of raising money, with three offers in the news already this week.
New Zealand exporters will be the first to benefit from the latest massive life-line thrown to United States consumers by the Federal Reserve.
The United States Government bail-out of Citigroup and the stimulus package introduced by the British Government yesterday sparked a rally in global sharemarkets.
British Finance Minister Alastair Darling yesterday applied an expensive measure to try to get United Kingdom consumers shopping again when he trimmed the valued added tax (VAT) in a pre-budget report.
Fletcher Building became the first in what brokers expect will be a long line of listed companies coming to the market to raise capital by paying rates with a generous margin for risk.
The planned review of the emissions trading scheme by the new National-led Government has led international carbon trading company EcoSecurities to postpone establishing operations in New Zealand.
Investors around the world again took flight from risk yesterday forcing global share indices to plunge yet again.
Dunedin North MP Pete Hodgson has moved himself down the Labour Party rankings in Parliament to give some of the newer MPs a chance to make their mark.
Labour Party leader Phil Goff has retained a centrist flavour for his shadow cabinet but has made strategic appointments which will test some of Prime Minister John Key's new ministers.
Global sharemarkets yesterday fed off the misery created by Wall Street when United States shares plunged to their lowest level in five and a-half years.
The broad thrust of the National-led Government's policies would be positive for businesses and the sharemarket, Forsyth Barr broker Ken Lister said yesterday.
Prime Minister-elect John Key showed a clear intention yesterday to move the National-led government more to the Right of the political spectrum than had previously been signalled.
Otago-Southland service sector businesses recorded another lacklustre month for October with the hospitality sector seeming to struggle the most.
The election yesterday of Phil Goff and Annette King as the Labour Party's new leadership team exposed the lack of depth in a party devastated in last Saturday's election.
The task of forming an inclusive government yesterday became easier for Prime Minister-elect John Key after concessions from Act New Zealand and the Maori Party that they would talk to National without any set bottom-line positions.
