Trade Me: 'limited growth' expected
Trade Me: 'limited growth' expected
Trade Me Group Due to report today
Dene Mackenzie
Strong demand, confidence in sector pays off for PFI
Strong demand, confidence in sector pays off for PFI
Industrial property landlord Property For Industry increased its profit and dividend payout in the year ended December, citing strong financial and operational results following the merger with Direct Property Fund.
Operating profit dip for NZX
Operating profit dip for NZX
Sharemarket operator NZX reported an operating profit of $24.6 million for the 12 months ended December, down on the previous year due to one-off costs associated with a large acquisition.
Shareholders punish Contact's dividend policy
Shareholders punish Contact's dividend policy
Contact Energy shareholders showed their disappointment with the company's unchanged dividend policy by marking the shares down nearly 6% when the market opened yesterday.
Mixed first half results expected
Mixed first half results expected
First-half results from the New Zealand electricity companies are likely to be mixed, with Meridian Energy, reporting today, set to be the standout performer, Forsyth Barr broker Peter Young says.
Spending drops in line with fuel price
Spending drops in line with fuel price
Household spending is poised to accelerate modestly this year, judging from the latest electronic cards transactions data for January, ASB economist Jane Turner says.
Tax relief will free up cash for farmers
Tax relief will free up cash for farmers
The tax relief announced this week for drought-affected South Island farmers provides an opportunity for farmers to free up cash flow, Crowe Horwath tax principal Tony Marshall says.
Positive growth expectations for jeweller
Positive growth expectations for jeweller
Michael Hill International reported what it called a ''satisfactory'' first-half financial result but the jewellery company provided no guidance for the rest of the year.
NZME. result above November forecast
NZME. result above November forecast
The New Zealand arm of APN News & Media, NZME., reported falls in both revenue and operating profit for the year ended December, figures released to the NZX yesterday showed.
NZD: bearish but no basket case
NZD: bearish but no basket case
The New Zealand dollar is likely to stay strong against the Australian currency at least until March of next year while falling at the same time against the United States dollar, BNZ research shows.
Govt bid to cut red tape hailed
Govt bid to cut red tape hailed
The Otago Chamber of Commerce and the Otago-Southland Employers Association are right behind any moves by the Government to cut down on the amount of red tape their members have to deal with.
Quiet start to New Zealand reporting season
Quiet start to New Zealand reporting season
The New Zealand economic calendar is quiet this week although the February reporting seasons starts tomorrow and the corporate news flow will soon take centre stage in the business headlines.
NZ economy set to grow
NZ economy set to grow
New Zealand is set for a year of overall economic growth but the latest ASB quarterly economic forecasts show global growth forecasts have been downgraded.
Spark to face profitability challenges
Spark to face profitability challenges
The share price of Spark New Zealand ignores the risks Spark continued to face with its high margin legacy fixed line calling services migrating to new services as fibre is installed, Forsyth Barr broker Andrew Rooney says.
Aussie jobs warning
Aussie jobs warning
The combination of weaker demand and falling terms of trade would show through in rising Australian unemployment, Forsyth Barr broker Peter Young said yesterday.
Further RBA rate cut, to 2%, likely
Further RBA rate cut, to 2%, likely
The Reserve Bank of Australia is likely to cut its lending rate again this year to 2%, which is expected to boost an already booming Australian housing market.
With one eye on inflation, governor leaves OCR alone
With one eye on inflation, governor leaves OCR alone
Reserve Bank governor Graeme Wheeler has dampened down any thoughts he may cut the official cash rate from 3.5%, despite the Australian official lending rate being likely to fall to 2% by May.
Lower prices for some
Lower prices for some
Mighty River Power says all community services card holders will be eligible for cut-price electricity rates through its high-tech Globug pre-pay services.
Key economic indicators today
Key economic indicators today
If you want a quick snapshot of all things New Zealand, today could be your day.
Queenstown Airport growth up another 34.4%
Queenstown Airport growth up another 34.4%
Queenstown Airport continued its strong overall performance in December with international passenger numbers 34.4% higher than the corresponding period last year.