Dene Mackenzie

Bill tests minister's sure-footedness

Bill tests minister's sure-footedness

National Party list MP Michael Woodhouse has inherited one of the Government's most controversial portfolios - workplace relations and safety. The passage of an amendment Bill through Parliament will be a major trial of his political skills. Business editor Dene Mackenzie reports.

Strong reporting season expected

Strong reporting season expected

The Australian banking sector starts its second-half reporting season on Thursday with expectations for stronger growth in the fourth quarter driven by improved lending volumes.

OCR tipped to stay at 3.5% for longer

OCR tipped to stay at 3.5% for longer

The official cash rate announcement by the Reserve Bank due on Thursday has heightened interest after a lower-than-expected inflation reading of 1% for the year ended September.

Work starts on taxation change

Work starts on taxation change

The Inland Revenue Department is going through a transformation process which will cost about $1.5 billion for a new computer system and other changes.

Sky scores rights for rugby

Sky scores rights for rugby

Sky Network Television has signed a conditional five-year deal to secure broadcast rights to the New Zealand Rugby Union and Sanzar unions for an undisclosed amount, a deal it could not afford to lose.

Restaurant Brands has tasty news

An upbeat report from Restaurant Brands excited interest from investors yesterday, with the company's share price rising 1.71% on strong volume.

ACC profit $2.1b, more than halved

ACC profit $2.1b, more than halved

Higher claims in the year ended June substantially reduced the profit reported by Accident Compensation Corporation but the government entity still managed a surplus of $2.1 billion in the period.

Maiden speech poignant

Maiden speech poignant

Invercargill MP Sarah Dowie yesterday delivered her maiden speech in Parliament, which contained more than a hint of sadness but also sense of determination.

Cullen Fund return 17.35%

The New Zealand Superannuation Fund reported a negative return in September, down 0.4%, but is still providing an annual return of more than 17% on its investments.

Speaking up for the provinces

Speaking up for the provinces

Clutha-Southland MP Todd Barclay is New Zealand's youngest MP and represents the country's largest general electorate but none of that is hampering his ambitions for provincial New Zealand.