Dene Mackenzie

Allied Farmers shares fall in early trade

Allied Farmers shares opened at 13c this morning but quickly fell 37% in value to be trading at 10c in the first 15min after the NZX opened.

Allied Farmers share price expected to dive

Allied Farmers share price expected to dive

The price of Allied Farmers shares is predicted to fall below 10c when trading starts this morning, with some brokers predicting a floor of 5c a share this week.

Provisions to lower current account deficit

Bank tax provisions are likely to feature strongly tomorrow when the new current account deficit figures are released, but an economist is warning that their significance should not be overplayed.

Infrastructures, tax system next on list

Infrastructures, tax system next on list

Although the parliamentary year ended yesterday, Finance Minister Bill English is already turning his mind to 2010.

Sharebrokers to research Allied Farmers regularly

Allied Farmers has written to all shareholders telling them that five sharebroking firms would be researching the company on a regular basis.

AXA price target raised

AXA price target raised

Craigs Investment Partners yesterday raised its price target for AXA Asia Pacific believing AMP would c

NAB makes surprise bid for AXA AP assets

NAB makes surprise bid for AXA AP assets

A surprise bid by National Australia Bank for the Australian and New Zealand businesses of AXA Asia Pacific generated some excitement in financial markets yesterday.

Allied Farmers will issue shares to Hanover investors today

Allied Farmers will issue shares to Hanover investors today

Hanover investors will be issued their new Allied Farmers shares after 6pm today, and trading will start at 10am on Monday.

Otago ranks lowest in consumer confidence

Otago ranks lowest in consumer confidence

Consumer confidence in Otago slumped in the three months to December, with the region languishing at the bottom of the Westpac McDermott Miller consumer confidence index.

Commercial property investors shaky

Commercial property investors shaky

The confidence of investors in Dunedin commercial property slumped in the three months ended December with the city now the fourth least optimistic region in the country.