Dene Mackenzie

Lift in spending exceeds forecast

Consumers reached for their wallets in June as spending surged 1.3% from the previous month, well ahead of the 0.5% market estimate.

Rate cut by Bank of England on the cards

The Bank of England could cut its target cash rate as soon as the end of this week in response to Great Britain voting to leave the European Union.

South Dunedin priority for Labour

South Dunedin priority for Labour

The rejuvenation of South Dunedin will be a priority for an incoming Labour government, working alongside local government to develop a master plan for urban renewal.

Outperform rating for THL

Outperform rating for THL

Forsyth Barr has initiated coverage on Tourism Holdings Ltd (THL) with an outperform rating and a $3.25 a share target price.

Government 'must act' on housing

Government 'must act' on housing

The Labour Party continues to hammer the Government on rising house prices, seizing on comments made by the Reserve Bank's deputy governor for ammunition.

Skilled staff lack restricts potential

The ability to hire capable staff is re-emerging as a handbrake that may constrain further expansion of small businesses, an ANZ survey has found.

Supersensitive to inflation rate

Supersensitive to inflation rate

There has probably never been such a time when very small changes in inflation matter so much to the wellbeing of the economy, BNZ senior economist Stephen Toplis said yesterday.

Labour puts focus on housing

Labour puts focus on housing

Labour has used the Government's discomfort with the housing market to cash in with some announcements of its own on how to take care of people living rough.

Debt fear spurs S&P Australia credit rating cut

Australia's credit rating has been revised to negative from stable by Standard & Poor's because the agency no longer believes in the Government's ability to lower debt.