Dene Mackenzie

Forecast profit in reach

Forecast profit in reach

Pyne Gould Corporation says it is on track to meet its forecast profit of $20.9 million for the year to June 30 and is well positioned to take advantage of an economic recovery.

Growth of economy downplayed

New Zealand's economic recovery continues to build in strength but Finance Minister Bill English continues to downplay the importance of the first annual growth since June 2008.

Retailer restarts capital expenditure

Retailer restarts capital expenditure

Clothing retailer Hallenstein Glassons has restarted its capital expenditure programme as it shows cautious optimism in the economic recovery.

Extreme examples not way to judge taxation

Extreme examples not way to judge taxation

Finance Minister Bill English should avoid using extreme examples and making "kneejerk reactions" when considering changes to the tax system to be announced in the Budget.

Wider deficit has encouraging signs

Wider deficit has encouraging signs

New Zealand's current account deficit was much wider than expected in the year ended December but economists remain positive about economic growth prospects.

Global bonds reduced

The global economic recovery continued to build but the increase risk of sovereign default has led to AXA Global Investors reducing its exposure to global bonds in the past three months.

Forecasters revise upwards expectations of economic recovery

New Zealand is facing an uncertain but optimistic recovery, a consensus of economic forecasts compiled by the New Zealand Institute of Economic Research says.

Treasury soon to decide SCF future

Treasury soon to decide SCF future

The future of South Canterbury Finance lies in the hands of Treasury and whether or not it accepts the Timaru-based finance company into the extended retail deposit guarantee scheme.

Company profits may surprise

Our calculations suggest there was a substantial rebound in the fourth quarter.

Looking for love online

Mack-line tries hard to avoid paranoia when several similar emails arrive in the inbox at about the same time.