Dene Mackenzie

Weak spots amid general confidence

Weak spots amid general confidence

Business confidence remains at its best level in 20 years, according to the influential New Zealand Institute of Economic Research's quarterly business opinion.

Govt tax take $1.1b less than forecast

Govt tax take $1.1b less than forecast

The Government's target of returning the Crown accounts to surplus in the next financial year took another hit in February when lower-than-expected tax revenue was recorded. It showed the Government's operating balance before gains and losses slipping further into deficit.

Labour's Parker gets opportunity to shine

The Labour Party has pulled together what could be seen as three unrelated events into a platform to again push for compulsory superannuation through KiwiSaver.

NZ employment confidence high

Euro zone unemployment remains stubbornly high and United States jobs report was weaker than expected, figures released at the weekend show.

All eyes will be on labour market data

All eyes will be on labour market data

The most important category of numbers in today's quarterly survey of business opinion would be those relating to the labour market, BNZ senior economist Craig Ebert said yesterday.

Genuine opportunities for a2 Milk

Genuine opportunities for a2 Milk

Craigs Investment Partners has initiated coverage on The a2 Milk Company with a hold recommendation on the shares given the broad-based nature of growth opportunities.

Up, down? Banks on close watch

Up, down? Banks on close watch

The European Central Bank has kept its gunpowder dry again, holding its key interest rates unchanged for the fifth month in a row. But in New Zealand, rates are likely to rise again in three weeks. Business editor Dene Mackenzie looks at global rates.

Trading frenzy precedes Xero report

More than $50 million of shares in Xero were traded on Wednesday and Thursday, the days leading up to the market darling's announcement to the NZX yesterday.

BNZ head nabbed by Australia

BNZ head nabbed by Australia

BNZ chief executive Andrew Thorburn is leaving the New Zealand operations to take over as chief executive of BNZ parent National Australia Bank.

House prices fall in South but Auckland, Wellington keep rising

Average asking prices for houses for sale in the Central Otago-Lakes District fell nearly 9% in March, along with a 12.4% fall in the West Coast and a 10.2% fall in Marlborough.