Dene Mackenzie

Adviser blamed for drop in share value

South Canterbury Finance is blaming an unnamed financial adviser for the substantial slump in the price of its perpetual preference shares this week.

Critics vent anger over unemployment rise

Critics vent anger over unemployment rise

Surging unemployment has given Government critics a chance to vent their anger at employment policies they say are failing out-of-work New Zealanders and are damaging the economy.

Rating 'reaction' to announcement

Rating 'reaction' to announcement

The downgrade yesterday of Telecom by rating agency Standard and Poor's had nothing to do with how the company was performing, Forsyth Barr broker Suzanne Kinnaird said.

NZ Post's business eroding

New Zealand Post's traditional business was eroding and the state-owned enterprise faced the challenge of how to respond, Craigs Investment Partners broker Chris Timms said yesterday.

South better off in rate of employment

The South Island is far better placed than the North Island when it comes to seasonally unadjusted unemployment numbers, according to Statistics NZ's household labour force survey.

Failure sees Kathmandu shares fall 15%

Kathmandu Holdings' shares fell about 15% in value yesterday on New Zealand and Australian sharemarkets after the retailer failed to meet prospectus forecasts.

Decision to regulate MTRs

Regulation of mobile termination rates would improve competition in the mobile market and result in lower prices, Communications and Information Technology Minister Stephen Joyce said yesterday.

Allied Farmers moves to reduce debt

Allied Farmers moves to reduce debt

Allied Farmers is hoping to raise $19.3 million in a partially underwritten capital raising, to reduce debt and achieve longer-term business plans, but brokers are questioning the value for investors.

Cautious optimism wage levels will grow

The Council of Trade Unions says there is room for cautious optimism for wage levels although many people are still not receiving increases.

Surgeons appeal case to Supreme Court

Two Christchurch orthopaedic surgeons who set up practices through family trusts have been granted leave to appeal a Court of Appeal finding that they used the trust structures for tax avoidance.