Dene Mackenzie

Labour looks back for way forward

Labour looks back for way forward

Labour leader David Cunliffe has returned to the roots of the party by announcing a rise in the minimum wage and a restoration of worker rights would come in the first 100 days of a Labour-led government.

Over-taxation could cost savers $100,000

Fixing the over-taxation of KiwiSaver would add more than $100,000 to the retirement savings of someone saving 6% of income for 40 years on the average wage, Financial Services Council chief executive Peter Neilsen said on Tuesday.

Rural GPs likely to favour new e-commerce site

Rural GPs likely to favour new e-commerce site

General practitioners in small New Zealand towns and rural areas are likely to be keen users of the new Pacific Edge e-commerce site, chief executive David Darling says.

Investment case for equities remains solid

Investment case for equities remains solid

Most markets performed respectably in the first half of the year with the NZX50, in New Zealand, posting the strongest return in the six months to June 30. Business editor Dene Mackenzie talks to Craigs Investment Partners broker Chris Timms about the first six months and what he expects for the rest of the year.

Vote against resolutions, MTF chairman urges

Vote against resolutions, MTF chairman urges

Motor Trade Finances chairman Stephen Higgs is urging shareholders to vote against resolutions he says appear designed to undermine the management and governance of the board.

Mergers, acquisitions healthy signs

Mergers, acquisitions healthy signs

A calculated offer by Dorchester Pacific to buy the remaining shares it does not own in Turners Auctions is likely to pay dividends, giving Dorchester access to the cash flow generated by Turners.

Abano flat result hides revenue, costs

Abano Healthcare produced a flat operating profit for the year ended May but once it added in Australian dental revenue and removed acquisition expenses, its financial results looked flattering.

Act, United get the nod from Nats

Prime Minister John Key has endorsed United Future leader Peter Dunne and Act New Zealand Epsom candidate David Seymour but has ruled out a deal with the Conservative Party as a bridge too far.

Dunedin South only seat of interest

Dunedin South only seat of interest

Dunedin is guaranteed four MPs again after the election, but the final make-up will not be known until the election results are posted on September 20.

Long-serving CEO departs bank

Long-serving CEO departs bank

Ross Smith imagined he would spend three or four years as chief executive of the then Southland Building Society.