NZ’s rating affirmed
NZ’s rating affirmed
The Government's economic programme had been working and was recognised by Standard & Poor's decision to reaffirm New Zealand's AA credit rating, Finance Minister Bill English said yesterday.
Dene Mackenzie
Confidence slips as households fret about economy
Confidence slips as households fret about economy
Consumer confidence has slipped in the early part of the year as households become increasingly worried about where the economy is headed over the next few years.
Strong profit expected from Fonterra
Strong profit expected from Fonterra
Fonterra is expected to provide some market excitement tomorrow when it reports its half-year financial results.
Exchange rate volatility vexes CEOs
Exchange rate volatility vexes CEOs
Volatile exchange rates, trade agreements and a slow down in growth markets are among the variables playing into today's increasingly complicated export market.
NZ firms harnessing seniors but lag on diversity: PwC
NZ firms harnessing seniors but lag on diversity: PwC
The most alarming trend in this year's PwC Annual Global CEO Survey is again the availability of key skills, PwC New Zealand chief executive Bruce Hassall says.
Dividend shows confidence in fixed-line future
Dividend shows confidence in fixed-line future
Chorus provided long-suffering investors with a pleasant surprise yesterday when the infrastructure company resumed dividend payments.
PSI slips in January but still in growth mode
PSI slips in January but still in growth mode
New Zealand's service industry lost a bit of steam in January and it was difficult to know if it was anything more than the usual monthly bounce-around, BNZ senior economist Craig Ebert said.
Hellaby maintains dividend despite fall
Hellaby maintains dividend despite fall
Hellaby Holdings maintained a dividend in line with last year despite its trading profit falling by 34% to $19 million in the six months ended December.
Tax take still down on forecast
Tax take still down on forecast
The Government's taxation revenue continues to lag the Treasury's forecasts, although when compared with last year the $32.5 billion received in the six months ended December is ahead of the previous corresponding period.
NZ economy stays on course despite choppy global seas
NZ economy stays on course despite choppy global seas
Consumer confidence in the economy remained on course at a "decent level'' of 119.7, around its historical average, ANZ chief economist Cameron Bagrie said.
Depressed dairy hits Skeller up
Depressed dairy hits Skeller up
Manufacturing company Skellerup has maintained its interim dividend at 3.5c/share for investors despite a small fall in earnings before interest and tax (ebit).
Spark result below expectations
Spark result below expectations
Telecommunications company Spark released what was called a disappointing result for the six months ended December, complicated by multiple divestments and restatements.
Trade Me first half flat
Trade Me first half flat
The Trade Me financial report for the six months ended December was nothing to get excited about, Forsyth Barr broker Peter Young said yesterday.
Profit forecast lift for a2 Milk
Profit forecast lift for a2 Milk
The a2 Milk Company yesterday revised upwards its full-year profit forecast after what managing director Geoffrey Babidge described as an ‘‘exceptional performance'' in the six months ended December.
Tourism helps boost retail spending
Tourism helps boost retail spending
Population growth, low interest rates and a strong tourism are supporting spending, along with a good dose of Kiwi DIY, ASB economist Kim Mundy says.
NZ outlook 'quite reasonable'
NZ outlook 'quite reasonable'
Falling dairy prices remain the major worry for the New Zealand economy as economic growth continues to slow from a peak of 3.7% at the end of 2014 to a forecast trough of 2.2% in the first half of this year.
English needs to get ahead of the game: Robertson
English needs to get ahead of the game: Robertson
Finance Minister Bill English is seemingly unwilling to do anything to prepare the economy for outside shocks, Labour finance spokesman Grant Robertson said yesterday.
PFI profits upon revaluation of investments
PFI profits upon revaluation of investments
A significant revaluation in its assets helped Property For Industry lift its reported profit by more than 20% to $72.8million in the year ended December.
Market scepticism appears to undervalue Contact
Market scepticism appears to undervalue Contact
The first half of the 2016 financial year was a period of significant activity for electricity generator Contact, chief executive Dennis Barnes said yesterday.
Market’s caution well justified in conditions
Market’s caution well justified in conditions
The abundance of risks in the global economy justifies caution, Harbour Asset Management director Craig Stent says.