Sir Henry warns NZ to keep up on tourism
Sir Henry warns NZ to keep up on tourism
Quality must not fall with growth in the tourism sector, Auckland Airport chairman Sir Henry van der Heyden says.
Dene Mackenzie
Closing against world trends
Closing against world trends
The high cost of manufacturing in Australia, along with a more regulated environment, meant the decision to close the Cadbury factory in Dunedin went against international trends.
A time of change and progress, Spark boss says
A time of change and progress, Spark boss says
Spark's financial results for the six months ended December demonstrated it had been another period of change and progress, chairman Mark Verbiest said yesterday.
Govt accounts in surplus
Govt accounts in surplus
The cost of the Kaikoura earthquakes in November last year are likely to affect the Crown accounts in the future, the Treasury warned yesterday.
350 jobs to go as Cadbury closes
350 jobs to go as Cadbury closes
After years of speculation and concern, the Cadbury factory in Dunedin will finally close next year, leaving about 350 people facing an uncertain future.
ASB interim profit up 11% on balance sheet growth
ASB interim profit up 11% on balance sheet growth
The ASB reported an interim profit up 11% on the previous period, reflecting diversified balance sheet asset growth, chief executive Barbara Chapman said yesterday.
Electricity proposals disappoint
Electricity proposals disappoint
The Otago-Southland Employers Association is continuing its campaign against proposed changes to electricity transmission costs which it says will disadvantage the South Island.
Trustpower lifts multi connections
Trustpower lifts multi connections
Trustpower, which separated into two separate companies last year, continued to grow the number of customers taking two or more services in the nine months to December 31.
Across-the-board lift in retail spending
Across-the-board lift in retail spending
Kiwis took the opportunity of holiday sales to spend up much more than expected in January, Statistics New Zealand figures released yesterday showed.
S&P rating unchanged
S&P rating unchanged
Contact Energy's Standard & Poor's credit rating was unaffected by its interim profit result announced yesterday.
Contact in profit, but open to question
Contact in profit, but open to question
Better operating earnings and fewer impairments from the previous corresponding period allowed Contact Energy to turn a loss last year into a profit for the six months ended December.
Report highlights banking trends
Report highlights banking trends
Six powerful forces are shaping banking in Australia today, a new PwC report says.
Catches to rental property
Catches to rental property
High occupancy rates in Queenstown mean it can be lucrative to rent out property on a short-term basis, Deloitte Dunedin and Queenstown tax partner Phil Stevenson says.
Skilled building workers needed
Skilled building workers needed
Building consents have reached their highest level in New Zealand since 2004 but warnings are being sounded about the industry needing to readdress the way it considers skills training to meet future demand.
Cautious Reserve Bank holds OCR at 1.75%
Cautious Reserve Bank holds OCR at 1.75%
The Reserve Bank maintained the official cash rate at 1.75% with the tone of governor Graeme Wheeler’s statement as cautious as it could possibly be, ANZ chief economist Cameron Bagrie said yesterday.
Credit union plans to cut jobs
Credit union plans to cut jobs
An increase in online banking by Credit Union South members is likely to lead to four branch closures, a consolidation of some branches and the loss of up to 18 jobs.
Tobacco products push up inflation
Tobacco products push up inflation
Higher tobacco and cigarette prices made the large contribution to the ANZ Monthly Inflation Gauge last month, something which has come to be accepted as typical in January.
Bank mortgage rates rising
Bank mortgage rates rising
Monetary policy in New Zealand is already being tightened as retail banks lift their mortgage lending rates, BNZ chief economist Tony Alexander says.
OCR under pressure, but no change seen
OCR under pressure, but no change seen
The Reserve Bank is not expected to change its official cash rate on Thursday, although governor Graeme Wheeler is expected to strike a cautious and neutral tone in his statement.
US politics the focus of markets as election realities begin
US politics the focus of markets as election realities begin
United States President Donald Trump dominated the headlines last month and his first major press conference, inauguration speech and Wall Street Journal interview were all triggers for a broad US...