Dene Mackenzie

Otago-Southland service sector leads the way

Otago-Southland service sector leads the way

The Otago-Southland service industries left the rest of New Zealand in the dust of summer last month, easily topping the Performance in Services Index, released yesterday.

Investing in Air New Zealand really boils down to good timing

Investing in Air New Zealand really boils down to good timing

Investing in Air New Zealand was more about timing than taking a long-term view, as the airline industry generated consistently low and often volatile returns, Forsyth Barr broker Andrew Rooney said yesterday.

Team Talk faces big challenges

A near 50% reduction in the 2015 financial year dividend forecast highlighted the challenges TeamTalk faced, Forsyth Barr broker Peter Young said yesterday.

Change in OCR seen as unlikely

The official cash rate announcement by the Reserve Bank on Thursday is almost irrelevant given inflation is likely to remain below 1% for the rest of the year.

Analyst picking Fonterra to lift earnings, profits

Analyst picking Fonterra to lift  earnings, profits

Australian share research company Morningstar has lifted its profit estimates for Fonterra on the back of a significant fall in whole milk powder prices during the past few months.

English still hoping for surplus by October

English still hoping for surplus by October

Finance Minister Bill English continues to claim credit for the responsible management of the Government's finances while admitting there is a challenge coming from less revenue, over which he has much less control.

Scale of stimulus package a surprise

Scale of stimulus package a surprise

The European Central Bank beat market expectations by announcing a large and open-ended asset-buying programme designed to pump hundreds of billions into a sagging euro zone economy.

Demand for skilled workers

Demand for skilled workers

Skilled Otago workers were constantly in demand, particularly in Canterbury, Otago Southland Employers Association chief executive John Scandrett said yesterday.

Claim power price vindicates sell-down

Claim power price vindicates sell-down

Mighty River Power not increasing its headline energy prices for the third year in a row made nonsense of claims made by Opposition parties during the election campaign, Craigs Investment Partners broker Chris Timms said yesterday.

Mixed retail sector performance in difficult environment

Mixed retail sector performance in difficult environment

A mixed reporting season was expected for the New Zealand listed retail sector, not helped by the late start to summer, Forsyth Barr broker Andrew Rooney said.