Property financier Strategic Finance gave its 20,000 investors some good news yesterday with the announcement of a management buy-out backed by BOS International, a subsidiary of Halifax Bank of Scotland.
A new company was launched this morning to create an internationally branded New Zealand wool products.
The Reserve Bank has a policy targets agreement with the Government to keep inflation between 1% and 3%. Inflation is now running at 4% and likely to hit 5% in September. Business Editor Dene Mackenzie wondered whether the central bank should be censured for not doing its job.
New Zealand business will have a new home in Shanghai when New Zealand Trade and Enterprise opens its concept centre in October.
Fruit and vegetable prices rose 5.2% in June, helping push the food price index up 1.3% for the month.
The Reserve Bank will be forced to make some tough decisions in the next few days as it prepares to release its ruling on the official cash rate on July 24.
Exporters are providing a bright side to business confidence, reporting an improvement in orders compared with the same time last year.
SkyCity Entertainment Group yesterday gave investors some good news with a profit guidance confirmation and a Standard & Poor's investment grade rating.
Jean-Philippe Diel is a victim of his own success. The rugby-loving Frenchman has overseen spectacular growth for Samsung in New Zealand. Dene Mackenzie caught up with Mr Diel in Auckland.
Otago-Southland service sector businesses had their worst month in more than a year, according to the Business New Zealand-Bank of New Zealand performance in services index (PSI).
Rising food, energy and fuel prices look set to push inflation close to 4% for the year ending June.
Governments and associated spending have a clear role in a modern society. ANZ-National Bank chief economist Cameron Bagrie thinks more attention needs to be paid to where money is ending up. Business Editor Dene Mackenzie reports.
Straylight Studios chief executive Tim Nixon will travel to Europe next month to demonstrate to leading fashion and beauty houses a new interactive "meaningful play product".
BG Group (British Gas) planned to sell a majority stake in Contact Energy if it was successful in its hostile bid for Origin Energy, something that would excite overseas investors, ABN Amro Craigs broker Chris Timms said yesterday.
Hallenstein Glasson yesterday joined the line of retailers downgrading their profit forecasts.
We appear to be doing comparatively better than other regions around the country.
Finance companies continued to make news yesterday as shares of Dominion Finance Holdings were suspended on the New Zealand Stock Exchange after the company was late providing its annual report.
New Zealand's economy is likely to remain in recession until at least September as businesses start to report a decline in their trading activity.
The New Zealand Manufacturers and Exporters Association has taken a swipe at the National Party's defence of the current monetary policy.
The finance companies that tipped up earlier may not have been the best operators.
