Dene Mackenzie

$1b distortion of accounts from tax changes claimed

Tax changes in the May Budget have distorted company accounts by more than $1 billion, making the reporting of recent financial results misleading, two leading company directors say.

Allied Nationwide Finance collapses

Allied Nationwide Finance collapses

Allied Nationwide Finance was last night placed into receivership at the request of its directors, but the 4500 investors will receive their money because of the Crown retail deposit guarantee scheme.

Michael Hill increases final dividend

Michael Hill International provided some sparkle to the current reporting season by announcing a much improved operating profit for the 12 months ended June.

Telecom rings in good news with changes of focus

Telecom rings in good news with changes of focus

Telecom chief executive Paul Reynolds finally got to deliver some good news to the market when the telecommunications company reported its earnings for the year to June 20.

Positive view on four listed retailers

Positive view on four listed retailers

Forsyth Barr was maintaining a positive view on four listed retailers, believing they still offered attractive long-term value, broker Suzanne Kinnaird said.

Plea to further fund fledgling industry

Plea to further fund fledgling industry

Dunedin's fledgling sports analysis industry is in need of more funding and Animated Research Ltd managing director Ian Taylor is urging the Dunedin City Council to become more flexible in its funding approach.

Dunedin could be top sports analysis centre: Taylor

Dunedin could be top sports analysis centre: Taylor

Animated Research Ltd (ARL) managing director Ian Taylor has some ambitious plans he believes will turn Dunedin into the world's leading sports analysis centre.

Govt agrees to support NZ Post, Kiwibank

The Government has confounded pundits by agreeing to provide uncalled capital to New Zealand Post and Kiwibank, thereby keeping them out of the hands of the private sector.

Telecom result will be closely scrutinised

Telecom result will be closely scrutinised

The Telecom fourth-quarter and full-year result out tomorrow will be scrutinised by analysts more closely than usual.

Former student leader seeking Labour candidacy

Former student leader seeking Labour candidacy

Former Otago University Students Association president Simon Wilson is the third person to express an interest in being selected as the Labour Party candidate in Dunedin North.