Dene Mackenzie

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.

Extra efforts for Genesis float

Extra efforts for Genesis float

The Government is taking extra steps to try to ensure the Genesis Energy share offer is successful after disappointing post-float performances by the two other energy companies, Mighty River Power and Meridian Energy.

Mighty River operating earnings up 4% despite dry conditions

Mighty River Power overcame low hydro inflows and dry conditions to meet its early targets and report a 4% increase in operating earnings for the six months ended December.