One of the major problems facing Sparc high-performance
consultant Richard Young is how to ensure the developers
providing world-leading technology for elite athletes are
A stronger second half boosted Skellerup Holdings' June
full-year operating profit from continuing operations to
$21.7 million, up nearly 14% on the previous corresponding
The Hill family caught financial markets by surprise by
announcing yesterday the family wanted to consolidate and
increase its stake in Michael Hill International.
Superannuation is set to be a political football again during
next year's election campaign, with the possibility of a
compulsory version of KiwiSaver becoming increasingly likely.
The Cabinet could soon be forced to discuss whether the
statutory management of Aorangi Securities and Hubbard
Management Funds should be discontinued.
Westpac business banking general manager Ian Blair was full
of praise for the way Dunedin and Otago businesses conducted
themselves during the recession as he called on a
whistle-stop visit this week.
Tax changes in the May Budget have distorted company accounts
by more than $1 billion, making the reporting of recent
financial results misleading, two leading company directors
Economists are expressing concern about the "worrying tone"
of Reserve Bank governor Allan Bollard's speech on keeping
inflation anchored and are warning to not dismiss data due
Telecom chief executive Paul Reynolds finally got to deliver
some good news to the market when the telecommunications
company reported its earnings for the year to June 20.
Allied Nationwide Finance was last night placed into
receivership at the request of its directors, but the 4500
investors will receive their money because of the Crown
retail deposit guarantee scheme.
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