Dene Mackenzie

Kathmandu profit lifts shares 8%

Kathmandu profit lifts shares 8%

Shares of clothing retailer Kathmandu improved 8% in price yesterday as investors reacted positively to the nearly 50% rise in operating profit.

Opec maintains reduced output

Opec maintains reduced output

Oil prices touched $US83 ($NZ117) yesterday, coming within $US2 of this year's high on a recovery in demand in the United States and Opec's decision to leave output targets unchanged.

US economy key to pump prices in NZ

US economy key to pump prices in NZ

New Zealand motorists should receive some protection from sharp rises in the price of petrol at the pump as a sluggish United States economy and a continuing low dollar keep interest rates stable in the US.

Consumers show less confidence

Rising interest rates and petrol prices, along with worsening unemployment combined to knock the confidence of consumers in the March quarter.

If you've got the money, they've got the name

It will come as no surprise to readers that sex sells on the internet.

If you've got the money, they've got the name

It will come as no surprise to readers that sex sells on the internet.

Analysts ponder continuing flat retail

Flat retail sales in January have left some analysts wondering why New Zealanders are not spending more as economic indicators improve.

Colostrum success shows way for NZ

Colostrum success shows way for NZ

Andrew Keech did not fancy staying on the family farm in Taranaki to milk cows. Instead, he established a multimillion-dollar business in the United States, using bovine colostrum. He spoke to business editor Dene Mackenzie during a whistle-stop visit to Dunedin this week.

Electricity companies spark city accounts

Electricity companies spark city accounts

The Dunedin City Council-owned electricity companies again provided some spark to the financial statements for the six months ended December 31.

Bank finds satisfaction in cash-rate decisions

Bank finds satisfaction in cash-rate decisions

The Reserve Bank was feeling "pretty happy" with itself yesterday, Bank of New Zealand senior economist Stephen Toplis said.