Dene Mackenzie

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.

Meridian rewards for staff and shareholders

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 makes special return to shareholders

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 share.

China policy impacting on global market

China policy impacting on global market

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.

NZ directors' fees slipping, study says

Directors on New Zealand owned companies are slipping behind their overseas counterparts when it comes to their fees, a study out this morning shows.