Quarterly business survey key release
Quarterly business survey key release
The Quarterly Survey of Business Opinion, due out today, will be the key release in New Zealand this week, Craigs Investment Partners broker Chris Timms says.
Dene Mackenzie
Bad debt proving good for business
Bad debt proving good for business
Collecting debts has proved to be something of a growth business for Dunedin with Receivables Management (NZ) refurbishing and expanding its city office.
'Helping people is what I do'
'Helping people is what I do'
Personnel consultant Bob Clark tried to retire once before but it did not work out well when he and wife Jan went on their overseas trip. This time, Mr Clark has got his plans in place, he tells business editor Dene Mackenzie.
Kiwi on a high, but expected to drop
Kiwi on a high, but expected to drop
The New Zealand dollar reached a nine-month high of US69.66c yesterday but importers and exporters surveyed by the ASB predict it will be below US65c in 12 months.
Partnership brings cable plan closer
Partnership brings cable plan closer
Businessmen Sir Eion Edgar and Remi Galasso have announced a long-term partnership with entrepreneur Malcolm Dick to fund and operate the multimillion-dollar Hawaiki Cable system.
Review signals exit: broker
Review signals exit: broker
Air New Zealand's decision to undertake a review of its 25.9% holding in Virgin Australia almost certainly means a pending exit, Forsyth Barr broker Suzanne Kinnaird said yesterday.
Chamber talks up positives in Otago
Chamber talks up positives in Otago
There was still plenty of good news in Otago, despite a survey this week showing a sharp drop in confidence, Otago Chamber of Commerce chief executive Dougal McGowan said yesterday.
Dairy drags Otago’s confidence down
Dairy drags Otago’s confidence down
Otago's regional economic confidence fell sharply in the three months ended March 16, a larger drop than expected because it is one of the regions where dairying is not as prominent as in its Southland neighbour.
Kiwi households nervous but still happy to shop
Kiwi households nervous but still happy to shop
New Zealand households have become increasingly nervous about the economy but they remain in the mood to spend, Westpac chief economist Dominick Stephens says.
Banks look to quantum computing, blockchain
Banks look to quantum computing, blockchain
Harbour Asset Management managing director Andrew Bascand last week asked lots of prickly questions of Australian banks and other financial companies and says it is not clear anything is broken. Business editor Dene Mackenzie reports.
Electricity retail margins squeeze likely
Electricity retail margins squeeze likely
The impact of technology on costs and the transparency of electricity bills making price comparison far easier will likely squeeze retail margins for the next 18 months, Craigs Investment Partners broker Chris Timms says.
World’s sharemarkets due for modest post-Easter rise
World’s sharemarkets due for modest post-Easter rise
Global sharemarkets are due for a modest post-Easter rise this week, as the March United States employment report and other key economic numbers are likely to provide positive news for investors.
1.75% OCR low tipped as kiwi soars
1.75% OCR low tipped as kiwi soars
The odds have now tipped towards a 1.75% low in the official cash rate, with the risk the New Zealand dollar will continue to hold up in value more than the central bank had been thinking.
Improved returns for Scott
Improved returns for Scott
Dunedin manufacturer Scott Technology reported a much improved before-tax profit and rewarded its patient shareholders with an interim dividend of 4c per share, up 1.5cps.
Credit card rates stay high
Credit card rates stay high
As the Easter sales begin shoppers will be pulling their credit cards out of their wallets and purses to buy some of the discounted goods on offer.
Scott on verge of buying competitor
Scott on verge of buying competitor
Dunedin manufacturer Scott Technology remains on the acquisition trail and chairman Stuart McLauchlan says the company is in final negotiations to buy a German competitor.
Cash for shareholders remains Contact’s focus
Cash for shareholders remains Contact’s focus
Electricity generator Contact's strategy remained the delivery of strong cashflows for distribution to shareholders, chief executive Dennis Barnes said in a letter to shareholders yesterday. Contact would continue to deliver value to its customers by providing choice, control and certainty.
Migration continues to strengthen
Migration continues to strengthen
New Zealand's net migration has gone from strength to strength during the past few years, consistently defying the most bullish of forecasts, Westpac chief economist Dominick Stephens says.
New iPhone SE — smaller, cheaper, here next week
New iPhone SE — smaller, cheaper, here next week
Apple has released a new iPhone to much fanfare but it is the size, as well as the quality, which is attracting the most attention.
Kathmandu delivers improved sales, margins
Kathmandu delivers improved sales, margins
Kathmandu Holdings has reported a tax-paid profit at the higher end of its recent guidance with Forsyth Barr forecasting it was likely to exceed its full-year guidance.