Otago dips despite buoyant Dunedin
Otago dips despite buoyant Dunedin
Rugby games, festivals and conferences are boosting economic activity in the Otago region, with Dunedin feeling the benefit.
Dene Mackenzie
Kiwibank result flat as post slips
Kiwibank result flat as post slips
A flat result for Kiwibank in the year ended June 30 reflected the challenging environment for banks, group chief executive Paul Brock said.
Caution over Air NZ record
Caution over Air NZ record
Air New Zealand listed some significant achievements yesterday when it released its 2016 financial results but analysts still expressed concern about the future for the airline.
Employers’ pay warning
Employers’ pay warning
Businesses needed to be vigilant about poor pay practices and the effect of poor practices on workers, Otago-Southland Employers Association chief executive Virginia Nicholls said yesterday.
Hellaby eyes better year ahead
Hellaby eyes better year ahead
The difficult 2016 financial year experienced by Hellaby Holdings was unlikely to be repeated, chief executive Alan Clarke said yesterday.
Healthy lift for Ebos dividends
Healthy lift for Ebos dividends
Ebos Group delivered a strong full-year result in line with expectations, and lifted its dividend payment, Forsyth Barr broker Lyn Howe said.
No surprises in electricity results
No surprises in electricity results
Genesis Energy and Meridian Energy, both majority owned by the Government, produced financial results in line with expectations.
House prices to test banks
House prices set to test banks, Standard & Poor's says
Renewed house price rises in New Zealand, accompanied by record household debt, are again threatening the financial stability of the banking system.
China underpins improved a2 result
China underpins improved a2 result
The a2 Milk Company (ATM) reported ''exceptional'' operating profit growth from $3.1million to $54.6million, slightly better than expected, Forsyth Barr broker Damian Foster said yesterday.
RB admits it has scant exchange rate control
RB admits it has scant exchange rate control
The Reserve Bank admitted yesterday it had little control over the exchange rate, the comment taking on irony when the New Zealand dollar rose sharply in reaction.
Queenstown Airport dividend a record
Queenstown Airport dividend a record
Queenstown Airport has delivered its largest dividend yet and, at the same time, reported a sharply higher profit in the financial year ended June 30.
Mercury delivers $80m to Government
Mercury delivers $80m to Government
The Government will reap nearly $80 million in dividends from Mercury for its 51.15% share in the electricity generator which reported its annual profit yesterday.
More time to assess merger
More time to assess merger
The complexity of the proposed merger between NZME and Fairfax Media's New Zealand assets has led the Commerce Commission to delay its decision until March next year.
Air NZ result expected to be highlight of week
Air NZ result expected to be highlight of week
It will be quiet on the New Zealand economic front this week but the financial reporting season remains in full swing.
Big jump in foreign visitors at AIA
Big jump in foreign visitors at AIA
International visitor arrivals at Auckland International Airport increased by 16% to more than 171,400 in July, mainly due to a 25% increase in holiday arrivals.
Otago job advertising strong
Otago job advertising strong
Job advertising in the Otago Daily Times grew 14.7% in the year ended July, the ANZ New Zealand Job Ads series showed.
Risk appetite a help
Risk appetite a help
An increased risk appetite encouraged by lower-for-longer global interest rates has helped support the New Zealand dollar, BNZ currency strategist Jason Wong says.
Dissent on contractor pay Bill
Dissent on contractor pay Bill
Employers are aghast a Bill could soon pass in Parliament ensuring specified contractors receive no less than the equivalent of the minimum wage. Unions say the legislation's needed. Business editor Dene Mackenzie reports.
Skellerup profit down 4% at $36.8m
Skellerup profit down 4% at $36.8m
Skellerup Holdings produced a profit right in line with guidance and there was scope for a minor upgrade in next year’s estimates, Forsyth Barr broker Damian Foster said yesterday.
Cashflow boost for Fonterra farmers
Cashflow boost for Fonterra farmers
Fonterra farmers have received a cashflow boost with confirmation of a further 10c per share payment of the co-operative’s 2015-16 40c forecast dividend.