Dene Mackenzie

Finding business success stories

Finding business success stories

Two Otago companies will be part of the Deloitte New Zealand Fast 50 index, with less than 1% separating Palmerston-based Skevington Contracting and Queenstown-based South Pacific Fire Protection in the regional awards.

Concern competition could be at expense of KiwiSavers

Kiwisaver providers are being asked to put the interests of their customers first as the amount of money transferred by customers changing their schemes doubled in a year.

Consents fall but optimism remains

Consents fall but optimism remains

There were fewer building consents granted in August in New Zealand

Electricity prices outstrip inflation

Electricity prices outstrip inflation

Power price rises continue to outstrip inflation due to large increases in monopoly transmission and lines charges, the Electricity Authority says.

Reserve Bank to be smart on kiwi

The Reserve Bank was not expected to go toe-to-toe with the market to keep the New Zealand dollar down but it was expected to make smart decisions to rebuff any rallies, BNZ currency strategist Raiko Shareef said yesterday.

Pacific Edge profit forecast for 2016

Dunedin-based Pacific Edge is on the edge of glory, with its first profit forecast for 2016, Edison Investment Research says in its first research paper on the biotechnology company.

Dollar falls as Reserve Bank reveals action

Dollar falls as Reserve Bank reveals action

The Reserve Bank has put its money where its mouth is by shorting the New Zealand dollar at a time when the kiwi was high and the central bank believed it was likely to fall over time.

Hopes kiwi will stay lower longer

Hopes rose yesterday the New Zealand dollar would stay lower for longer as dairy prices continue to fall and the United States ends its financial stimulus package next month.

Looking good for investors

The end of the third quarter today is shaping up as a positive one for equity investors, particularly when currency movements are accounted for, Craigs Investment Partners broker Peter McIntyre says.

Diversification boosts profits at Fulton Hogan

Diversification boosts profits at Fulton Hogan

New Zealand infrastructure company Fulton Hogan continued to grow its profits in the year ended June, helped by a consistent performance across all five business streams, managing director Nick Miller said yesterday.