New Zealand Post's traditional business was eroding and the
state-owned enterprise faced the challenge of how to respond,
Craigs Investment Partners broker Chris Timms said yesterday.
yesterday of Telecom by rating agency Standard and Poor's had
nothing to do with how the company was performing, Forsyth
Barr broker Suzanne Kinnaird said.
The South Island is far better placed than the North Island
when it comes to seasonally unadjusted unemployment numbers,
according to Statistics NZ's household labour force survey.
Kathmandu Holdings' shares fell about 15% in value yesterday
on New Zealand and Australian sharemarkets after the retailer
failed to meet prospectus forecasts.
Regulation of mobile termination rates would improve
competition in the mobile market and result in lower prices,
Communications and Information Technology Minister Stephen
Joyce said yesterday.
Allied Farmers is hoping to raise $19.3 million in a
partially underwritten capital raising, to reduce debt and
achieve longer-term business plans, but brokers are
questioning the value for investors.
The Council of Trade Unions says there is room for cautious
optimism for wage levels although many people are still not
Two Christchurch orthopaedic surgeons who set up practices
through family trusts have been granted leave to appeal a
Court of Appeal finding that they used the trust structures
for tax avoidance.
The quarterly employment survey for the three months ended
June, out this morning, will take on unusual importance for
financial markets with the measure of average weekly pay
likely to be soft again.
About five years ago, Mack-line attended a technology
conference in the Otago Museum and wrote then about the world
running out of internet addresses.
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