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.
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.
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