Rural NZ seen driving economy
Rural NZ seen driving economy
New Zealand's provincial economies were poised to drive growth in the economy, building on the recovery in dairy prices, Infometrics chief forecast Gareth Kiernan said yesterday.
Dene Mackenzie
Trustpower forecasts dividend for shareholders
Trustpower forecasts dividend for shareholders
Trustpower is the best value of the electricity stocks and provides one of the best dividend yields, particularly with increased capital returns likely, Forsyth Barr broker Lyn Howe says.
Higher oil prices, refinery outage tell on Z Energy
Higher oil prices, refinery outage tell on Z Energy
Z Energy has downgraded its profit expectations for the full 2019 financial year although the dividend guidance of between 50c and 55c per share remains intact.
Auckland finally experiences everyone else's petrol pain
Auckland finally experiences everyone else's petrol pain
Petrol prices rose 3.2% in the June 2018 quarter, but this was countered by lower prices for used cars and home entertainment, Statistics New Zealand said yesterday.
Inflation right on RB forecast; fuel drives modest increase
Inflation right on RB forecast; fuel drives modest increase
Any increase in the official cash rate from the current 1.75% looks a long way off, after inflation rose 0.4% in June to reach 1.5% for the year.
Regional 'catch-up' tests capacity
Regional 'catch-up' tests capacity
New Zealand's regions are playing catch-up with Auckland and capacity constraints are already evident in parts, Kiwibank chief economist Jarrod Kerr says.
US reporting likely to be main driver in busy week
US reporting likely to be main driver in busy week
The United States June-quarter reporting season starts this week and is likely to drive markets more than anything else in coming days, Craigs Investment Partners broker Chris Timms says.
KiwiSavers missing out under default fund model
KiwiSavers missing out under default fund model
Australian-owned banks are the winners as more than 200,000 KiwiSavers who have invested in default funds miss out on an estimated $1 billion over the past six years.
Inflation tipped to be sluggish
Inflation tipped to be sluggish
New Zealand's inflation should be at 2%, the mid-point of the Reserve Bank's 1% to 3% range but it is not likely to have reached that point in the three months ended June, according to forecasts...
Modest impact seen from FPAs, minimum wage
Modest impact seen from FPAs, minimum wage
Increases in the New Zealand minimum wage to $20 an hour by 2021 could be the catalyst for a turnaround in wage inflation in New Zealand. Business editor Dene Mackenzie reports.
Card spending up in June, but forecast to slow down
Card spending up in June, but forecast to slow down
Consumers spent more across all industries in June, from food and drink to petrol, Statistics New Zealand says.
Electricity demand outlook positive
Electricity demand outlook positive
Forsyth Barr broker Damian Foster tells business editor Dene Mackenzie milk processor Synlait is building an electricity-powered boiler in affirmation of the sector’s long-term positive demand outlook.
Sharemarket thriving, despite woes besetting businesses
Sharemarket thriving, despite woes besetting businesses
Business confidence has collapsed in recent months, suggesting a sizeable loss of momentum. At the same time, the sharemarket has reached record highs.
Business confidence remains weak in quarter, survey shows
Business confidence remains weak in quarter, survey shows
Weak business confidence remains a theme throughout New Zealand and it has become a focal point for economists.
NZ dollar value weakens
NZ dollar value weakens
The value of the New Zealand dollar was generally weaker through the first half of the year.
Brazil beckons young business whizz
Brazil beckons young business whizz
St Hilda’s Collegiate School pupil Tamara Mason is feeling pleased and proud after being part of the winning team in the recent Young Enterprise Scheme competitions.
Dunedin tops country for broadband speeds
Dunedin tops country for broadband speeds
Dunedin City has the highest broadband speed in the country thanks to winning the Gigatown competition.
Broadband review to be stepped up
Broadband review to be stepped up
Broadband is a rapidly developing telecommunications service that is becoming increasingly important to Kiwis. It has almost become a necessity, says the Commerce Commission.
Ebos Group secures major supply contract
Ebos Group secures major supply contract
Ebos Group has been upgraded to buy by Craigs Investment Partners after the company won the tender to act as the exclusive third party distributor for pharmaceutical products.
'Significant' rise in jobs for Southland
'Significant' rise in jobs for Southland
Jobs in Southland are on the rise as demand from large manufacturers in the region increases, Otago-Southland Employers Association chief executive Virginia Nicholls says.