Z Energy purchase of Caltex approved
Z Energy purchase of Caltex approved
New Zealand-listed fuel supplier Z Energy has finally received Commerce Commission clearance to by 100% of Caltex New Zealand as long as it meets some conditions.
Dene Mackenzie
Apple drops but future promising
Apple drops but future promising
Apple's share price dropped more than 6% this week following a soft second-quarter result and weaker than expected guidance for the present quarter.
Dollar up as Reserve holds OCR flat
Dollar up as Reserve holds OCR flat
The so-called Super Thursday turned into a damp squib yesterday when the Reserve Bank and the United States Federal Reserve left their rates unchanged.
Dishonest transaction appeal fails
Dishonest transaction appeal fails
A Dunedin city councillor, a city accountancy firm and an Otago businessman have lost their appeal in a decision which will send ripples through the business community.
Central bank rate announcements tomorrow
Central bank rate announcements tomorrow
Tomorrow has been labelled Super Thursday because from 6am, three central banks are due to make interest rate announcements.
Prime Minister ‘day late and a dollar short’: Labour
Prime Minister ‘day late and a dollar short’: Labour
The Government should ban foreign speculators rather than tinkering with a land tax on non-resident buyers, Labour housing spokesman Phil Twyford said yesterday.
Potential for NZers to face land tax implications
Potential for NZers to face land tax implications
New Zealanders could easily be caught out by the introduction of a land tax, Deloitte Dunedin tax partner Phil Stevenson said yesterday.
Firming in ANZ survey possible
Firming in ANZ survey possible
The most closely-watched data out this week would be Friday's ANZ business survey, BNZ senior economist Craig Ebert said yesterday.
Household debt posing concerns
Household debt posing concerns
Household debt is rising fast, boosted by the current extended period of very low interest rates in New Zealand, Westpac senior economist Satish Ranchhod says.
FBT rules on vehicles simplified
FBT rules on vehicles simplified
Proposed changes to the tax regime, particularly around the application of fringe benefit tax, will be of interest to a lot of close company owners, Polson Higgs tax partner Michael Turner says.
OCR decision too close to call
OCR decision too close to call
Thursday's official cash rate decision will come down to whether the Reserve Bank is more concerned about house prices or currency.
Tourism stocks looking good: report
Tourism stocks looking good: report
Gaining exposure to the growing tourism sector was not a new idea as the sector had performed well across all segments, Forsyth Barr broker Suzanne Kinnaird said.
2.9% job ad rise suggests weakness brief
2.9% job ad rise suggests weakness brief
Job advertisements rose strongly in March and have more than made up for those lost in January, the ANZ Job Ads report, released yesterday, says.
Consumers upbeat in spite of indicators
Consumers upbeat in spite of indicators
New Zealand consumers are ignoring bad economic news with sentiment broadly stable at a respectable level, according to the ANZ-Roy Morgan Consumer Confidence Index.
Earnings downgrade on the cards for Mighty River
Earnings downgrade on the cards for Mighty River
Mighty River Power's operating statistics were soft enough to point to a modest 2016 financial year earnings downgrade, Forsyth Barr broker Damian Foster said yesterday.
Tasman dollars on a high
Tasman dollars on a high
The transtasman currencies both reached 10-month highs yesterday, despite the best intentions of the New Zealand and Australian central banks.
Tourism boosts services sector in South
Tourism boosts services sector in South
Tourist demand and record visitor numbers to southern New Zealand have proved to be the principal driver of Otago-Southland's service industry.
Banking help smoothing the way for small business
Banking help smoothing the way for small business
Small and medium-sized businesses have moved front and centre this month after the Government last week announced changes to simplify tax payments for the main employers of New Zealand workers.
Keen eye on dairy auction
Keen eye on dairy auction
The GlobalDairyTrade auction tomorrow will be watched closely for signs of stability and, hopefully, a further rebound, Craigs Investment Partners broker Chris Timms said yesterday.
April cut in OCR not guaranteed
April cut in OCR not guaranteed
The March consumer price index measure of inflation failed to provide the signs of an official cash rate cut next week the market was hoping for, ANZ senior economist Mark Smith said.