Dene Mackenzie

Chamber talks up positives in Otago

Chamber talks up positives in Otago

There was still plenty of good news in Otago, despite a survey this week showing a sharp drop in confidence, Otago Chamber of Commerce chief executive Dougal McGowan said yesterday.

Review signals exit: broker

Review signals exit: broker

Air New Zealand's decision to undertake a review of its 25.9% holding in Virgin Australia almost certainly means a pending exit, Forsyth Barr broker Suzanne Kinnaird said yesterday.

Dairy drags Otago’s confidence down

Dairy drags Otago’s confidence down

Otago's regional economic confidence fell sharply in the three months ended March 16, a larger drop than expected because it is one of the regions where dairying is not as prominent as in its Southland neighbour.

Kiwi households nervous but still happy to shop

New Zealand households have become increasingly nervous about the economy but they remain in the mood to spend, Westpac chief economist Dominick Stephens says.

World’s sharemarkets due for modest post-Easter rise

Global sharemarkets are due for a modest post-Easter rise this week, as the March United States employment report and other key economic numbers are likely to provide positive news for investors.

Electricity retail margins squeeze likely

The impact of technology on costs and the transparency of electricity bills making price comparison far easier will likely squeeze retail margins for the next 18 months, Craigs Investment Partners broker Chris Timms says.

Banks look to quantum computing, blockchain

Banks look to quantum computing, blockchain

Harbour Asset Management managing director Andrew Bascand last week asked lots of prickly questions of Australian banks and other financial companies and says it is not clear anything is broken. Business editor Dene Mackenzie reports.

1.75% OCR low tipped as kiwi soars

1.75% OCR low tipped as kiwi soars

The odds have now tipped towards a 1.75% low in the official cash rate, with the risk the New Zealand dollar will continue to hold up in value more than the central bank had been thinking.

Improved returns for Scott

Improved returns for Scott

Dunedin manufacturer Scott Technology reported a much improved before-tax profit and rewarded its patient shareholders with an interim dividend of 4c per share, up 1.5cps.

Credit card rates stay high

Credit card rates stay high

As the Easter sales begin shoppers will be pulling their credit cards out of their wallets and purses to buy some of the discounted goods on offer.