Dene Mackenzie

Rewarding developers a problem for Sparc

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 rewarded.

Skellerup $21m profit 14% rise

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 period.

Hills want to increase stake

Hills want to increase stake

The Hill family caught financial markets by surprise by announcing yesterday the family wanted to consolidate and increase its stake in Michael Hill International.

KiwiSaver could become compulsory

KiwiSaver could become compulsory

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.

Cabinet may have to discuss Hubbard case

The Cabinet could soon be forced to discuss whether the statutory management of Aorangi Securities and Hubbard Management Funds should be discontinued.

Praise for recession caution in city

Praise for recession caution in city

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.

$1b distortion of accounts from tax changes claimed

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 say.

Concern over Reserve Bank tone

Concern over Reserve Bank tone

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 out today.

Telecom rings in good news with changes of focus

Telecom rings in good news with changes of focus

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 collapses

Allied Nationwide Finance collapses

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.