Commonwealth Bank expected to recover
Commonwealth Bank expected to recover
The Commonwealth Bank of Australia (CBA) is still finding favour with analysts despite having to pay a record fine to settle civil proceedings.
Dene Mackenzie
NZX up as conditions align for investors
NZX up as conditions align for investors
The New Zealand sharemarket continued to reach new heights this week, and Craigs Investment Partners broker Peter McIntyre says forces have aligned in favour of investors.
Otago growth slides to fourth
Otago growth slides to fourth
Otago has slipped down two places on the ASB Regional Economic Scoreboard as places at the top of the table changed.
Increase in Southern spending, 'tap and go'
Increase in Southern spending, 'tap and go'
Shoppers south of the Waitaki River continued to spend in May, according to the latest Paymark figures.
PM responds to criticism of Govt working groups
PM responds to criticism of Govt working groups
Prime Minister Jacinda Ardern has responded to criticism the Government is focusing too much on forming working parties rather than implementing policy.
Hiring dragged down by sentiment, doubt: economist
Hiring dragged down by sentiment, doubt: economist
Downbeat business sentiment and uncertainty about labour relations policy are making businesses cautious about taking on more workers, ANZ senior economist Liz Kendall said yesterday.
Employers: 90-day changes detrimental
Employers: 90-day changes detrimental
Restricting 90-day trial periods to employers with fewer than 20 staff would disadvantage unskilled and young people in Otago and Southland, Otago-Southland Employers Association's chief executive says.
Accounts enabled ‘bovis’ response
Accounts enabled ‘bovis’ response
The strength of the Crown’s financial accounts gave the Government the ability to respond to shocks like the cattle disease Mycoplasma bovis, Finance Minister Grant Robertson said yesterday.
Task force for bargaining
Task force for bargaining
Former National prime minister Jim Bolger will lead the Government’s latest working party on establishing fair pay agreements, taking the total working parties or inquiries to about 105.
Consult your accountant if IRD calls
Consult your accountant if IRD calls
Polson Higgs is warning its clients to consult their accountant immediately if Inland Revenue makes contact directly about tax issues, offering to visit the taxpayer.
Restaurant Brands sales increase 11%
Restaurant Brands sales increase 11%
Restaurant Brands has started the 2019 financial year in a strong way, reporting a rise in first-quarter sales of 11.7% on the previous period, driven by KFC New Zealand and Australia sales.
Airlines start to feel the squeeze
Airlines start to feel the squeeze
Airlines are facing significant pressures from rising fuel and labour costs but the International Air Transport Association is still forecasting a rise in collective net profit to about $48.3b this year.
Auckland Airport under fire
Auckland Airport under fire
Auckland Airport has been accused of targeting excessive profits by Airlines for Australia and New Zealand.
Business outlook results uninspiring as activity indicators either flat or falling
Business outlook results uninspiring as activity indicators either flat or falling
The ANZ Business Outlook results made uninspiring reading in May as all aggregate activity indicators were either flat or falling, ANZ senior economist Sharon Zollner said yesterday.
Retaliation threatened as trade war begins to escalate
Retaliation threatened as trade war begins to escalate
The European Union, Mexico and Canada are retaliating against United States President Donald Trump’s decision to impose tariffs on their steel and aluminum exports.
Mondelez NZ reports loss after restructuring
Mondelez NZ reports loss after restructuring
Mondelez New Zealand Investments, who owns the closed Cadbury factory in Dunedin, reported a before-tax loss of $17.4million for the year ended December.
Reserve Bank has eye on dairy sector debt
Reserve Bank has eye on dairy sector debt
The Reserve Bank has continued to note some parts of the dairy sector were highly indebted.
Co-operative Bank customers in line for $2m in rebates
Co-operative Bank customers in line for $2m in rebates
The Co-operative Bank will pay out more than $2 million in rebates to its 115,000 customers next month after reporting an increased operating profit for the year ended March.
Record net profit for Fisher & Paykel Healthcare
Record net profit for Fisher & Paykel Healthcare
Fisher & Paykel Healthcare reported a record net profit, at the top end of its guidance, but some brokers were underwhelmed by the result for the year ended March.
Global concerns expected to be filled out in Orr's first FSR
Global concerns expected to be filled out in Orr's first FSR
New Reserve Bank governor Adrian Orr gets another chance tomorrow to get his views across when he presents his first Financial Stability Report (FSR).