No surprises expected from Telecom
No surprises expected from Telecom
Telecom is not expected to spring any surprises on to financial markets when it reports its fourth-quarter and full-year results on Friday.
Dene Mackenzie
Dominion to restart trading
Dominion to restart trading
Trading in Dominion Finance Holdings securities restarts today after the NZX Regulation lifted the suspension imposed in July.
It is official - NZ is now in a recession
It is official - NZ is now in a recession
Treasury, the Government's key economic agency, yesterday confirmed what most people have already suspected: New Zealand is in recession and it is deepening.
National's loan plan gets support from economist
National's loan plan gets support from economist
While the politicians scrapped over the issue, economists yesterday gave the National Party's plans to lift borrowing as a percentage of GDP to pay for infrastructure a cautious tick of approval.
$2bn Cleary heads Otago rich list
$2bn Cleary heads Otago rich list
Otago's wealthy residents got richer in the past 12 months, collectively increasing their assets by $280 million, as measured by the NBR Rich List.
Cut little help with mortgages
Cut little help with mortgages
Home owners could be waiting a long time before receiving relief from falling mortgage rates, Dunedin financial adviser Peter Smith said yesterday.
NZX in good shape to make ASX bid
NZX in good shape to make ASX bid
The second quarter result by New Zealand Exchange Ltd (NZX) underlined the reduced cyclical exposure of the operator of the country's stock exchange, Forsyth Barr broker Ken Lister said yesterday.
Otago theme to accounting institute's evening
Otago theme to accounting institute's evening
The annual presentation of certificates to new members of the Institute of Accountants in Dunedin this week had a distinctive local theme running through the evening.
OCR cut of most benefit to exporters
OCR cut of most benefit to exporters
Exporters were the immediate beneficiaries of the official cash rate being cut 0.25% yesterday as the Reserve Bank sought to rebalance the economy.
Marac bond issue oversubscribed
Marac bond issue oversubscribed
A bond issue by Marac Finance proved popular with investors as it closed yesterday over-subscribed at $104.2 million.
Govt puts $80.2m in KiwiRail
Govt puts $80.2m in KiwiRail
The Government has committed $80.2 million as the first step in upgrading KiwiRail, including some funding to see whether it is feasible to assemble locomotives at the Hutt workshops with help from Hillside, in Dunedin.
Cutting OCR could have little effect
Cutting OCR could have little effect
The Reserve Bank will tomorrow announce whether it will cut its official cash rate - a decision that will mean hardly anything to home owners and wage and salary earners struggling to make ends meet.
225 more meat processing jobs axed
225 more meat processing jobs axed
Another 225 meat processing jobs will go in Christchurch as Dunedin-based Silver Fern Farms continues its cost cutting plans.
Fletcher leaving NZX would create big hole
Fletcher leaving NZX would create big hole
A move by Fletcher Building to list on the Australian Stock Exchange (ASX) and delist from the NZX would leave a huge hole, Forsyth Barr broker Peter Young said yesterday.
New group to grow NZ's capital markets
New group to grow NZ's capital markets
A taskforce chaired by investment banker Rob Cameron was launched yesterday with the aim of helping develop New Zealand's capital markets.
Chance to choose F&P staff
Chance to choose F&P staff
Dunedin employers are being urged to indicate early their willingness to employ soon-to-be redundant Fisher & Paykel Appliance workers.
Costly Central Otago houses defy trend
Costly Central Otago houses defy trend
Housing affordability remains almost impossibly high in the Central Otago Lakes district despite falling house prices and lower interest rates driving a record improvement in home loan affordability in other parts of New Zealand.
$100m investment likely at Studholme dairy factory
$100m investment likely at Studholme dairy factory
The Russian-controlled New Zealand Dairies Ltd is thought to be planning to spend another $100 million on the Studholme factory, installing an anhydrous milk fat plant or a second drier.
Promoting NZ wool worldwide
Promoting NZ wool worldwide
Former Telecom chief executive Theresa Gattung has lent her support to an ambitious project to develop New Zealand's strong wool industry into an internationally recognised brand.
Prospects for recovery fading fast, economist says
Prospects for recovery fading fast, economist says
Prospects for a rapid recovery from New Zealand's partly self-imposed recession were fading fast, Berl senior economist Ganesh Nana said yesterday.