Dene Mackenzie

Smiths City feels adverse events

Weather, earthquakes and a large South Island receivership all took their toll on listed retailer Smiths City Group which yesterday reported a reduced profit for the six months ended October 31.

Hong Kong trial for drinks range

Hong Kong trial for drinks range

Charlie's and Phoenix Organic branded drinks are being trialled in 60 Hong Kong supermarkets in what chief executive Stefan Lepionka said could lead to a permanent relationship with the ParknShop chain.

Quake money lowers current account deficit

Quake money lowers current account deficit

Reinsurance by New Zealand's insurers has so far seen an estimated $1.7 billion of foreign money coming into the country to help finance the repair of the damage caused by the Canterbury earthquake.

Employment confidence edges up

Employment confidence edges up

Workers seem more optimistic about their future job prospects but are worried about job availability, the Westpac McDermott Miller Employment Confidence Index shows.

Air NZ-Virgin alliance seen as positive

The approval yesterday for the Air New Zealand-Virgin Blue transtasman alliance was one of several factors contributing to a positive 2011 for the national carrier, Forsyth Barr broker Peter Young said.

Air NZ updates please brokers

Air New Zealand has earned a tick of approval from brokers after updating the market on fuel statistics and traffic statistics.

Improved profit 'extremely satisfying' for SBS

SBS Bank has continued on its profit-making way, yesterday reporting an improved profit for the six months ended September 30.

Energy powers year-end US rally

The rising value of energy and financial shares helped continue the end-of-year rally for United States sharemarkets yesterday, with oil rising for a second straight session.

Crane Group rejects 'opportunistic' bid

The Crane Group has rejected the Fletcher Building Group's full takeover bid, calling it inadequate and "opportunistic".

Hill family seeks controlling stake

Hill family seeks controlling stake

Michael Hill appears to have lost patience with some shareholders in his listed international jewellery company, Craigs Investment Partners broker Peter McIntyre says.