Dene Mackenzie

NZ Post's business eroding

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.

Rating 'reaction' to announcement

Rating 'reaction' to announcement

The downgrade 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.

South better off in rate of employment

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.

Failure sees Kathmandu shares fall 15%

Kathmandu Holdings' shares fell about 15% in value yesterday on New Zealand and Australian sharemarkets after the retailer failed to meet prospectus forecasts.

Decision to regulate MTRs

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 moves to reduce debt

Allied Farmers moves to reduce debt

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.

Cautious optimism wage levels will grow

The Council of Trade Unions says there is room for cautious optimism for wage levels although many people are still not receiving increases.

Surgeons appeal case to Supreme Court

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.

Employment data likely to interest financial markets

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.

IP address overloading a challenge

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.