For someone born in St Andrews, Scotland, the home of golf,
Duncan Simpson could be said to be heading for a dream job as
chief executive of the Professional Golfers Association.
Many investors were facing uncertainty about the return on
investment they could expect as interest rates continued to
fall, Marac chief financial officer Alan Williams said
Changes late last year to parts of New Zealand's
employment law have set the scene for an intense period of
reviews of the Employment Relations Act.
From the employee perspective, the job market has clearly
toughened up in recent months and the situation isn't
expected to improve much over the coming year
Retail banks do not appear to be playing fair when it comes
to business lending, despite the 90-day bank bill interest
rate falling to the lowest it has been in nearly seven years.
The holiday period can provide some heartache for families
separated by the tyranny of distance from their loved ones.
Transtasman and Asian markets traded on sentiment yesterday
in the hope that when Wall Street opens this morning,
investors will find the worst of the rout is over.
Forsyth Barr brokers Peter Young and Suzanne Kinnaird have
picked a diverse range of shares they expect to do well this
Federated Farmers is calling for Fonterra to be more
realistic about its payout forecasts after the dairy giant
yesterday indicated that a reduction in the current forecast
of $6 per kg of milksolids was likely.
Silver Fern Farms spent more than $43 million on
restructuring its operations in the year ended August 2008,
including paying redundant workers $22.7 million.
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