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
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 International provided some sparkle to the
current reporting season by announcing a much improved
operating profit for the 12 months ended June.
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.
Forsyth Barr was maintaining a positive view on four listed
retailers, believing they still offered attractive long-term
value, broker Suzanne Kinnaird said.
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.
Animated Research Ltd (ARL)
managing director Ian Taylor has some ambitious plans he
believes will turn Dunedin into the world's leading sports
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.
The Telecom fourth-quarter and full-year result out tomorrow
will be scrutinised by analysts more closely than usual.
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.
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