Beef exports hitting headwinds
Beef exports hitting headwinds
Further declines in beef prices have been predicted as the strength of the New Zealand dollar and falling United States prices weigh more heavily on exporters.
Simon Hartley
Forestry speed wobbles after couple of stellar years
Forestry speed wobbles after couple of stellar years
The forestry sector is heading into 2018 with some speed wobbles, following stellar times during the past almost two years.
Christchurch can be city of choice: chamber head
Christchurch can be city of choice: chamber head
The outgoing Canterbury Employers Chamber of Commerce chief executive Peter Townsend has made a bold claim that Christchurch has a golden opportunity to become New Zealand’s "No1 city of choice".
Commercial property prospects look healthy
Commercial property prospects look healthy
Dunedin's commercial property sector is in good health with high rental yields, low vacancy rates and office rents at multi-year highs — plus an expected boost from the up to $1.4billion hospital build.
Consent spike from flats, village units
Consent spike from flats, village units
Apartments and retirement village units in Auckland have driven a spike in new home consents for the year to August, as the total number of new dwellings has reached a 13-year high.
Recent gold rally lifts Oceana’s stocks
Recent gold rally lifts Oceana’s stocks
Geopolitical tensions between North Korea and the United States have contributed to gold’s return to being a "safe haven" investment in times of trouble. Simon Hartley talks to Craigs...
No surprises: Reserve Bank leaves OCR unchanged
No surprises: Reserve Bank leaves OCR unchanged
The interest-driving official cash rate was left unchanged by the Reserve Bank at 1.75% yesterday, with the central banks maintaining a neutral stance and analysts still not expecting a change...
Redundancies loom over economic metrics
Redundancies loom over economic metrics
Dunedin and Otago have shown plenty of strength in the most recent quarterly gross domestic product data, but that is overshadowed by looming redundancies.
Survey points out lack of work skills
Survey points out lack of work skills
Separate labour employment surveys show employers concerned with the lack of skills for some professional jobs while workers in general are identifying an increase in job opportunities.
Plan to buy Willard Marine in US
Plan to buy Willard Marine in US
Amphibious boatbuilder Future Mobility Solutions has continued its offshore expansion programme with the $US6.85million ($NZ9.5million) purchase of United States boatbuilder Willard Marine.
Pacific Edge corrects accounts
Pacific Edge corrects accounts
A $3.24million accounting error has been set straight by Dunedin cancer diagnostic company Pacific Edge, with no implications for its balance sheet.
Bigger deficit on weak dairy exports
Bigger deficit on weak dairy exports
New Zealand booked a larger-than-expected trade deficit in August, largely due to a temporary weakness in dairy export volumes.
Farmer confidence in economy slumps
Farmer confidence in economy slumps
Farmers' confidence in the year ahead has taken a nosedive with concerns over government policies and volatility in commodity prices.
Better profit and debt level at record low
Better profit and debt level at record low
Tight inventory and cost controls have paid dividends for sport and leisure retailer Kathmandu, which posted an increased $38million after-tax profit and achieved record low debt levels.
Fonterra $6.52 payout up 44%
Fonterra $6.52 payout up 44%
Fonterra has announced a cash payout of $6.52 for its 2016-17 season, 44% up on its starting price, reflecting global price gains made towards the end of the season.
Full-year reported profit plunges but change under way bodes well
Full-year reported profit plunges but change under way bodes well
The Warehouse has posted a more than 70% decline in reported profit because of $41.9 million in writedowns from the sale of its Financial Services division and $12.4 million in restructuring costs.
LVRs squeezing housing market
LVRs squeezing housing market
Otago median home values are sustaining their value gains on a year ago. Simon Hartley talks to Quotable Value spokeswoman Andrea Rush about the latest QV data which tells another story.
June growth ‘underwhelming’
June growth ‘underwhelming’
New Zealand’s economic growth for the quarter to June hit the top end of analysts’ expectations of a 0.8% gain, fuelled by tourism and a recovery in the transport sector.
Current account deficit falls to $1.6billion
Current account deficit falls to $1.6billion
New Zealand's current account deficit has narrowed to 2.8% of gross domestic product (GDP), underpinned by tourism, as expected by most analysts.
Butter price continues to increase
Butter price continues to increase
Fonterra's fortnightly GlobalDairyTrade auction ticked up, with the overall price index rising 0.9% against the previous auction.