Dene Mackenzie

Banks battle to be last standing

Banks battle to be last standing

Banks are facing ''the battle of the last branch standing'' in many smaller rural towns, with each one knowing they will lose customers if they are the first to leave.

Ukraine events barely register

The NZX50 hit an all-time high yesterday as Asia-Pacific investors shrugged off tensions about the future of Ukraine which sent United States and European stocks into a spin.

Terms of trade at 40-year high

Terms of trade at 40-year high

New Zealand's terms of trade with the rest of the world improved 2.3% in the three months ending December to reach a level not seen since December 1973 - 40 years ago.

Call for primary sector to meet investment challenge

Call for primary sector to meet investment challenge

The New Zealand economy could not afford for the primary sector to under-invest in its future, KPMG agribusiness partner Ian Proudfoot said yesterday.

NZ sales may hurt Woolworths profit

NZ sales may hurt Woolworths profit

Woolworths, which is facing an investigation by the Commerce Commission in New Zealand, is expecting a reduced full-year profit.

Consensus closer on electricity model

Consensus closer on electricity model

There is a consensus building that even if Labour wins at the next election, the proposed single electricity buyer model will be replaced by something far less negative on the industry, Craigs Investment Partners adviser Chris Timms says.

Forecasts have positive return

Forecasts have positive return

The current reporting season for listed companies is well through and there have been some highlights, reflecting the growth in the New Zealand and global economy. Business editor Dene Mackenzie talks to industry observers about the next six months.

28% revenue fall for Solid Energy

Continued weak international coal prices contributed to a 28% fall in revenue in the six months ended December for troubled Government-owned coal producer Solid Energy.

Value of exports to China rise 54%

China last month cemented itself as New Zealand's major export market, figures released yesterday show.

Hellaby Holdings first-half growth delivers promise

Hellaby Holdings delivered on its promise of first-half growth but managing director John Williamson was still cautious about trading conditions and the economic recovery.