Australian research firm Morningstar is ending its coverage
of Fonterra from January, citing a lack of business pricing
power from the co-operative because of its reliance on milk
Otago Chamber of Commerce chief executive Dougal McGowan
hopes the Government will go further in the implementation of
GST on digital products, saying local retailers are on the
back foot in some sectors.
Kiwi Property Group has lifted its interim dividend 1.5% to
3.3c a share after delivering what chief executive Chris
Gudgeon called an ''excellent'' financial result.
This month, Australian research firm Morningstar has 13
companies in its Best Stock Ideas list.
Health company Comvita has delivered a strong first-half
result and upgraded its guidance for sales, prompting a
positive reaction from investors when the market opened.
The Reserve Bank's financial stability report due out
tomorrow has taken on more importance than normal given the
steps the central bank has taken to curb rampant Auckland
Even a no-frills retirement requires extra savings, a report
released yesterday says.
The New Zealand Government is being sensible in reaching out
to the European Union to secure a free trade deal, British
High Commissioner Jonathan Sinclair says.
The Government's fiscal honeymoon disappeared quickly when
the release yesterday of the Crown accounts for the three
months ended September showed a deficit of $545million.
The release of the details of the controversial Trans Pacific
Partnership trade agreement has been welcomed by Otago
Chamber of Commerce chief executive Dougal McGowan.
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