Dene Mackenzie

Breaking up not so hard to do?

Telecom did nothing to scare the markets when it released its demerger documents earlier this week. The vote to separate New Telecom and New Chorus seems a sure thing. Business editor Dene Mackenzie talks to analysts about the prospects for the two companies.

Operating profit rises 9%

Dunedin City Holdings Ltd yesterday reported an improved operating profit of $26.6 million for the year ended June, up nearly 9% on the previous corresponding period.

Thrillers

Thrillers

There is a darkness about the Scandinavian books recently released in New Zealand that makes them fascinating reading.

Worrisome world keeps rate steady

Worrisome world keeps rate steady

Messy conditions in global financial markets were the dominant concern yesterday as the Reserve Bank kept its official cash rate unchanged at 2.5%.

DCC retains credit rating but debt levels 'remain high'

The Dunedin City Council and its Dunedin City Treasury subsidiary have retained their credit ratings from Standard & Poor's, although the retention comes with some concerns about rising debt.

Verbiest to chair New Telecom

Verbiest to chair New Telecom

Professional director and former corporate lawyer Mark Verbiest will take over as chairman of Telecom when the separation of the company is completed.

Food price rise highlights higher living costs

Food prices fell 1.3% in Auckland but the 6.6% annual rise highlights the higher living costs facing households in the past year, ASB economist Christina Leung says.

Shanghai links taking greater role: chamber

Shanghai links taking greater role: chamber

The strengthening links between Dunedin and Shanghai will play a major role in the further development of the Otago Chamber of Commerce, chamber president Peter McIntyre says.

Maori firms looking good

Maori firms looking good

Encouraging signs were emerging that the Maori economy was about to grow significantly, Polson Higgs consultant Phil Broughton said yesterday.

Pike pay outs considered positive step

Pike pay outs considered positive step

New Zealand Oil and Gas yesterday received praise for its corporate responsibility in agreeing to provide early payouts to Pike River Coal Ltd's unsecured creditors.