Telecom defied the expectations of analysts by yesterday,
reporting a 64,000 net increase in mobile connections on its
ultra fast XT network, during the three months ended
Commerce Minister Simon Power says he is confident the new
financial regime the Government is implementing will go a
long way to address the shortcomings in the financial adviser
Two Dunedin-based financial advisers with long industry
experience yesterday took issue with aspects of the Consumer
NZ report on the industry in which they operate.
The severe toll the
recent recession took on New Zealand's labour market was
confirmed yesterday when figures released showed that the
country's unemployment level reached 6.5% in September.
The impact new mobile company 2degrees is having on Telecom
mobile connection growth will be a main focus for analysts
when New Zealand's largest listed company reports tomorrow.
financial statements for the three months ended September
were something of a mixed bag, with tax revenue well down but
higher-than-forecast investment returns helping offset the
The demand for labour
continues to fall, according to Statistics New Zealand
figures released yesterday.
Skycity Entertainment, the operator of casinos and cinemas,
remains in favour with brokers despite an unexpected stand by
institutional shareholders at the recent annual meeting.
Nearly 1.2 million people
have joined the KiwiSaver retirement savings scheme since it
started two years ago.
Trustpower had again shown its business model could handle
anything the wholesale market could throw at it, Forsyth Barr
broker Peter Young said yesterday.
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