Contact Energy is expecting full-year underlying earnings
after tax to fall by as much as a third.
Symantec, Opera and Microsoft caught the attention of
Mack-Line last week with some announcements that on one hand
perplexed and on the other delighted.
Local Government Minister
Rodney Hide is to meet Stop the Stadium representatives when
he visits Dunedin in two weeks but no-one is saying what
topics are on the agenda.
Improved returns on
the New Zealand Superannuation Fund, ACC and the Earthquake
Commission helped the Government report better-than-expected
accounts for the 10 months ended April.
The launch yesterday of the XT fast mobile network will prove
to be an important driver of growth for many of Telecom's
New Zealanders not in KiwiSaver should join as soon as
possible as uncertainty continued around the future of
superannuation funding in New Zealand, financial adviser
Peter Smith said yesterday.
Investors receiving the ING offer to partially pay out funds
from its frozen diversified yield and regular income funds
should seek financial advice, financial adviser Craig Myles
Finance Minister Bill English yesterday delivered a Budget
for the times, one that struck a balance between delivering
support to the economy and being responsible about long-term
expenses and debt.
The Government is committed to maintaining New Zealand
Superannuation entitlements at their current level but will
need to explain how it intends funding them.
Tax cuts planned for next year and 2011 have, as expected,
been deferred by the Government.
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