Dene Mackenzie

Retail figures point the way this week

In a quiet week for data, the focus this week will be on how the dollar and interest rates react to some key events.

National Australia Bank profit up 9%

Continuing momentum in the Australian and New Zealand business, improvements in asset quality and further progress in addressing legacy issues helped National Australia Bank increase its profit in June.

Low dollar tipped to be key

Low dollar tipped to be key

The Australian and New Zealand reporting season starts in earnest tomorrow with most companies reporting earnings for the full 2015 financial year.

Plan needed for end of the boom

Plan needed for end of the boom

The Canterbury rebuild has peaked, according to Westpac economists. About 14,000 construction jobs could be lost in Canterbury over the next few years. A plan is now needed to manage the impact of the downturn on Canterbury's construction employment and the wider regional economy. Business editor Dene Mackenzie reports.

Help not as good as it seems: bank

Fonterra's offer of ''modest relief'' to its suppliers was not as encouraging as it first seemed, Westpac senior economist Michael Gordon said yesterday.

Opposition parties slam Govt over slashed Fonterra payout

The Government copped the full blast of blame from opposition parties following the release yesterday of a sharply reduced Fonterra payout for the current season.

Farmers cashing up assets

Farmers cashing up assets

Otago dairy farmers are selling what they can to generate cash flow as they face up to an immediate prospect of lower milk payout prices for the next 18 months to two years.

Operator tipped to top 300 unit goal

Recent land acquisitions have lifted retirement village operator Summerset Group's development pipeline to more than eight years at its current 300-units-per-year build rate, Forsyth Barr broker Suzanne Kinnaird says.

Unemployment levels rise in June quarter

Unemployment levels in Canterbury, Otago and Southland rose in the three months ended June, although Canterbury still has the lowest unemployment in the country at 3.3%.

Doubts about Customs tax collection

Doubts are emerging about how efficient cutting the threshold for paying GST on foreign products will be if the current clumsy collection process through Customs is relied upon.