Dene Mackenzie

SCF 'bolstered' by appointment of Maier

SCF 'bolstered' by appointment of Maier

South Canterbury Finance yesterday showed the market it was serious about its restructuring intentions with the appointment of one of New Zealand's highest profile corporate fix-it men, Sandy Maier, as its chief executive.

Investor confidence back after tax settlement

Australians bank shares are expected to outperform market expectations now that the $2.2 billion tax settlement has been finalised, Craigs Investment Partners broker Chris Timms says.

Online scams predicted to continue to roll

Online scams predicted to continue to roll

Sadly, people still believe they can help that relative of a despot in Nigeria who needs their help to access millions, perhaps billions, of dollars.

South Canterbury Finance off credit watch

South Canterbury Finance received some end-of-year good news from Standard & Poor's when the credit rating agency affirmed its current ratings and removed one from a negative credit watch.

Positive first week for Allied Farmers shares

Allied Farmers shares defied predictions by settling at an early base of 10c to 11c in their first week of trading.

Keeping afloat in recession

Keeping afloat in recession

Recruitment owner and managing director Karen Bardwell is the Otago Daily Times 2009 business person of the year.

GDP grows for second quarter

The New Zealand economy continued to claw its way towards brighter times, having grown for the second consecutive quarter in September.

Warning with first surplus since '88

Warning with first surplus since '88

New Zealand has recorded a seasonally-adjusted current account surplus of $340 million for the three months ended September, the first surplus since late 1988.

However, the economic celebrations are tinged with a warning.

The big improvement in New Zealand's external position was mainly due to a weak economy and one-off tax provisions, as opposed to export strength.

Businesses perking up

Businesses perking up

Prospects for Otago businesses in the first six months of next year were looking decidedly brighter, Otago Chamber of Commerce chief executive John Christie said yesterday.

Allied shares down, worse to come

Allied Farmers' shares fell more than 37% in value yesterday to close at 10c, but trading proved to be the calm before the storm, Forsyth Barr broker Peter Young said.