NZ market buffeted by global fall
NZ market buffeted by global fall
A line-up of NZX50 heavy hitters due to report their interim profits this week may start to calm the nerves of investors worried about ongoing market volatility.
Dene Mackenzie
Competition slices into Air NZ profit
Competition slices into Air NZ profit
Competition was increasing for Air New Zealand, which would start to erode the benefits of lower fuel prices, particularly in the 2017 financial year, Forsyth Barr broker Peter Young said.
Reporting season starts on positive note
Reporting season starts on positive note
Listed New Zealand retailers are expected to provide a positive reporting season, which started yesterday with Michael Hill International reporting an improved profit for the six months ended December.
Southern manufacturers maintaining positivity
Southern manufacturers maintaining positivity
Otago-Southland manufacturers remain positive although there was a "mixed bag of results'' in the latest Performance in Manufacturing Index released yesterday.
SkyCity shares fall despite profit
SkyCity shares fall despite profit
Casino operator SkyCity's share price fell yesterday, despite the company reporting a much improved profit and lifting its dividend to 10.5c per share.
Road shows to clarify TPP
Road shows to clarify TPP
The Government-run roadshows on the Trans Pacific Partnership trade agreement start next month with one being held in Dunedin on March 14.
Retail card spending to grow: ASB
Retail card spending to grow: ASB
Record low interest rates, record high net migration and strong tourist numbers will continue to support electronic card spending this year, ASB senior economist Jane Turner says.
ASB Bank reports increased profits
ASB Bank reports increased profits
Strong balance sheet growth and market share gains in targeted areas helped ASB Bank report increased profits for the six months ended December.
Opinion: Billions to buy Auckland votes
Opinion: Billions to buy Auckland votes
Prime Minister John Key effectively launched National's 2017 election campaign yesterday by agreeing to pour billions of dollars into Auckland's infrastructure - at the expense of the rest of the country, ODT political editor Dene Mackenzie writes.
US firms hit by strong greenback
US firms hit by strong greenback
The stronger United States dollar is starting to show through in the reported earnings of major US companies, Forsyth Barr broker Peter Young says.
Varied results for power companies
Varied results for power companies
During the past two weeks, most of the listed electricity companies have reported either monthly or quarterly statistics, highlighting mixed performances across the sector. Business editor Dene Mackenzie talks to Forsyth Barr broker Suzanne Kinnaird about industry conditions.
Divergence in rural property market
Divergence in rural property market
Sales activity continued to point to a two-speed rural property market, ANZ chief economist Cameron Bagrie said yesterday.
Better reports expected from NZ firms than Australian
Better reports expected from NZ firms than Australian
New Zealand companies were likely to fare better than Australia overall in the December reporting season, which starts this week.
Opposition creeping up on Sky
Opposition creeping up on Sky
Increasing broadband penetration in New Zealand and emerging distribution channels capable of bypassing traditional satellite technology are the biggest structural risks facing Sky Network Television.
Craigs eases back on investment
Craigs eases back on investment
Craigs Investment Partners is moving back to a neutral stance on equities as major indices move down between 5% and 10% this year, broker Chris Timms says.
Negative interest rates make bank deposits pointless
Negative interest rates make bank deposits pointless
The surprise decision by the Bank of Japan to implement a negative interest rate once again puts the spotlight on this unconventional monetary policy tool.
Auckland Airport tops record for international passengers
Auckland Airport tops record for international passengers
The number of international passengers through Auckland Airport in December 2015 was the highest yet for a single month, the listed airport company said in release to the market.
Stellar finish to Briscoe’s year
Stellar finish to Briscoe’s year
Briscoe Group reported a strong finish to its 2016 financial year with a stellar fourth-quarter sales update and guidance ahead of expectations, Forsyth Barr broker Suzanne Kinnaird said yesterday.
Agricultural groups back TPP
Agricultural groups back TPP
Agricultural groups came out in support of the Trans Pacific Partnership trade agreement soon after it was signed in Auckland yesterday by trade ministers representing the 12 signatory countries.
Dip in unemployment as participation rate falls
Dip in unemployment as participation rate falls
The December labour market report from Statistics New Zealand paints an inconsistent view of the labour market.