Dene Mackenzie

Southern economic activity down: ANZ

Southern economic activity down: ANZ

More signs are emerging about the weakening of the Otago economy and the South Island in general taking a hit in the three months ended June.

Local man with a global address

Local man with a global address

Shell executive Dexter Krol has lived offshore for 35 years but remains a staunch supporter of the Highlanders and all things Otago. Business editor Dene Mackenzie talked to Dr Krol during his recent trip to Dunedin.

Taking stock: Healthy retirement

Taking stock: Healthy retirement

Medical treatment company Fisher & Paykel Healthcare has upgraded its earnings guidance for the financial year and, at the same time, announced the retirement of its chief executive, Mike Daniell.

Kiwibank pays $22m dividend

Kiwibank pays $22m dividend

Kiwibank rewarded its parent company, New Zealand Post, for many years of investment by paying a maiden dividend of $22million after reporting improved financial results in the year ended June.

Air NZ expects growth to continue

Air NZ expects growth to continue

Air New Zealand is expecting significant earnings growth in the coming year after posting a record profit yesterday for the year ended June.

Dow key to sharemarket volatility

Dow key to sharemarket volatility

The New Zealand sharemarket is again expected to take its early lead this morning from the Dow Jones before looking at Asian markets.

Genesis improves annual dividend

Genesis improves annual dividend

Genesis Energy has followed the lead set last week by Meridian in reporting an improved profit and an increased dividend, going some way in deflecting criticism of the Government selling down its stake.

Billions wiped off markets

Billions wiped off markets

Billions of dollars were wiped off the Asia Pacific sharemarkets yesterday but worse could come when the United States, the United Kingdom and European markets open today.

Housing affordability improves for some in the South

Housing affordability has improved for first home buyers in Dunedin and Queenstown but has become harder for those living in the rest of the South Island.

AIA's result better than forecast

AIA's result better than forecast

Auckland International Airport was congratulating itself yesterday on a great year but brokers were less than impressed with the financial results for the year ended June.