Dene Mackenzie

Allied shares rise on property sales

Allied Farmers shares rose in value yesterday after the company announced it had made a net $3.4 million in cash by selling property in Queenstown and Australia.

S&P fears overpower market reforms

Proposed Government reforms to New Zealand's electricity sector are likely to have significant business and financial implications for generation-retailers, rating agency Standard and Poor's says.

Spurned NAB still has options

AXA Asia Pacific share values are tipped to fall now the Australian Competition and Consumer Commission has decided to oppose National Australia Bank's takeover plans for AXA AP.

Curran critical of move offshore

Curran critical of move offshore

The Government needed to take much more interest in companies axing jobs in New Zealand in favour of lower labour costs offshore, Labour Party communications spokeswoman Clare Curran says.

Air NZ still rated 'buy' despite daily $500,000 ash-problem losses

Air New Zealand is still rated as a "buy" by sharebrokers, despite the national carrier burning $500,000 in cash a day through European air space being closed due to ash from the Icelandic volcano.

Review: All too short evening with a maestro

Review: All too short evening with a maestro

John Mayall cuts through the pretensions of much of modern-day music.

Bank fraud repercussions resonating

Bank fraud repercussions resonating

Fallout from fraud charges levelled against Goldman Sachs Group will be felt around the world with financial markets already starting to be affected as investor sentiment sours.

New life breathed into service sector

New life breathed into service sector

New Zealand's services sector has sprung back into life, with property and business services experiencing a significant lift in March to lead activity on the BNZ-Business New Zealand performance of services index.

Food, housing, petrol drive inflation up

Higher food and petrol prices, and housing costs, are likely to have pushed inflation to 2.2% in the three months ended March, stronger than previously forecast by the Reserve Bank.

Telecom tipped to maintain key role

Telecom tipped to maintain key role

Telecom yesterday received some well-timed support from one of its harshest critics as it comes to terms with profit downgrades, redundancies and the possibility of splitting itself further to meet Government requirements.