Otago has a two-speed economy, Queenstown racing along while
Dunedin struggles to keep up, according to the latest ASB
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.
Long-suffering Spark shareholders have been rewarded by the
company through increased dividend and a promise of a special
dividend next year.
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.
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
Investors pushed Trade Me shares up nearly 7% after the
online auction company reported a full-year financial result
in line with forecasts.
Meridian Energy rewarded its shareholders yesterday through
an increased dividend payout but its board and staff were
also well remunerated throughout the year ended June.
Meridian Energy has found another reason to return cash to
shareholders, this time citing asset sales and the release of
a tax liability to pay a special dividend of 1.51 cents per
China was growing its presence in the global economy and what
it announced in terms of monetary policy was becoming
important to financial markets, Hayes Asset Management
portfolio manager Craig Robins said.
Directors on New Zealand owned companies are slipping behind
their overseas counterparts when it comes to their fees, a
study out this morning shows.
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