Dene Mackenzie

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.

No dividend for Chorus investors

No dividend for Chorus investors

Chorus will not pay out a dividend after seeing its revenue and profits falling across most measures in the year ended June.

Otago tells a tale of two economies

Otago tells a tale of two economies

Otago has a two-speed economy, Queenstown racing along while Dunedin struggles to keep up, according to the latest ASB Main Report.

Migrants arriving in greater numbers

Migrants continue to flood into New Zealand, with July's net migration of 5750 the highest net monthly inflow on record, Statistics New Zealand figures released yesterday show.

Patient Spark shareholders reap reward in dividends

Long-suffering Spark shareholders have been rewarded by the company through increased dividend and a promise of a special dividend next year.

Sky sees profits rise 6.4%, despite losing market share

Sky Network Television is feeling the pressure of competition as its market share dropped in the year ended June, Craigs Investment Partners broker Chris Timms said yesterday.

30-year plan for infrastructure

30-year plan for infrastructure

Central and local government together are expected to spend $110 billion over the next 10 years on infrastructure and Finance Minister Bill English does not seem averse to a users-pay arrangement.

Trade Me result pleases investors

Investors pushed Trade Me shares up nearly 7% after the online auction company reported a full-year financial result in line with forecasts.