Dene Mackenzie

Act says 'corporate welfare' on rise

The Government is being accused of continuing "corporate welfare'' after Science and Innovation Minister Steven Joyce announced an extra $15million in funding for commercialisation of scientific research and supporting start-up companies.

IRD proposal could mean tax on employee shares

IRD proposal could mean tax on employee shares

A Dunedin tax expert is warning Inland Revenue is proposing a new rule which may mean the introduction of a capital gains tax on shares granted to employees.

Power transmission price draft expected

Power transmission price draft expected

Meridian Energy and New Zealand Aluminium Smelters are picked to be the key winners when the latest transmission pricing thinking is released tomorrow, Forsyth Barr broker Damian Foster says.

MacKenzie scholarship leader’s aim

MacKenzie scholarship leader’s aim

Clan MacKenzie New Zealand lieutenant Alistair MacKenzie is planning to use time in the clan's top office to establish a scholarship to encourage young Mac Kenzies to get involved in their heritage.

Technology may change but making connection still aim

Technology may change but making connection still aim

Dunedin man Peter Thomas has spent his career in telecommunications, adapting to suit the changing needs of customers and the industry. At 64 years old, he has decided to reinvent himself. Business editor Dene Mackenzie talks to Mr Thomas about his career and his plans.

'First step' to Fairfax exit

'First step' to Fairfax exit

Whatever interest Fairfax Media ends up having in NZME., it is unlikely to be a long-term holding, Morningstar Australia media analyst Brian Han says.

Rural slowdown being felt by suppliers

Rural slowdown being felt by suppliers

Some suppliers to the Otago-Southland rural sector are starting to feel the pinch with the region's manufacturing activity only marginally remaining in positive territory.

Extra debt repayment kills tax cuts

Extra debt repayment kills tax cuts

New Zealanders will not receive tax cuts next year as Finance Minister Bill English decides to rejig spending to reduce spending and pay down debt.

Revenue grows; so does loss

Revenue grows; so does loss

Xero shareholders will be heartened by the company's revenue and subscriber growth but there will come a time when they start looking for a profit on the bottom line, Craigs Investment Partners broker Chris Timms says.

Z result fails to meet forecast

Z result fails to meet forecast

Fuel company Z Energy produced a good result for the year ended March but not as good as it could have been, Forsyth Barr broker Damian Foster said yesterday.