Dene Mackenzie

Motor Trade Finances bond issue reflects firm's reputation

Motor Trade Finances bond issue reflects firm's reputation

A $200 million issue of medium-term notes by Motor Trade Finances was a sign the Dunedin-based company was held in high regard overseas, Craigs Investment Partners broker Peter McIntyre said yesterday.

House sales volumes fall as winter settles in

House sales volumes fall as winter settles in

The number of dwellings sold in June fell 12.3% from May as winter settled in to the residential real estate market, figures released yesterday by the Real Estate Institute showed.

Otago sales figures for June in the doldrums

The house sale median price across Otago fell $2750, or 1.2%, in June compared with May. Prices fell 4% in Dunedin but rose 14% in South Otago.

US earnings expected to have main impact

US earnings expected to have main impact

Second-quarter earnings from United States listed companies were likely to have the largest impact on markets this week, Craigs Investment Partners broker Chris Timms said yesterday.

Conflicting reports on strength of expansion

Conflicting reports on strength of expansion

The Otago-Southland services industries remain buoyant but indications are emerging of slower economic activity in the sector than seen previously.

Fewer properties selling

Real estate sales volume for Central Otago Lakes fell by 18% compared with May.

Inflation expected to come in at 13-year high

Inflation expected to come in at 13-year high

Inflation is forecast to have reached a 13-year high in the three months ended June, with food and electricity prices being the main contributors in the quarter.

Don't ignore regional economies, report warns

Don't ignore regional economies, report warns

Once-prosperous New Zealand provinces are falling into the economic doldrums as politics and policies focus on the urban powerhouses of Auckland and Wellington, according to a new report.

Labour's digital strategy receives mixed reviews

The Labour Party digital upgrade policy received good reviews from those attending NetHui 2014 yesterday, but Science and Innovation Minister Steven Joyce was scathing of the policy.

Demand to change as population ages

As the population ages, the demand for various products and services will change in the regions, along with other parts of New Zealand, the NZIER report on regional economies says.