Dene Mackenzie

Heartland sees opportunities in market volatility

Heartland sees opportunities in market volatility

Heartland Bank has decided not to proceed with a capital issue or the return of capital before June, focusing instead on acquisition opportunities presented by market volatility.

Power price plan benefits South

Power price plan benefits South

Most regions from South Canterbury to Invercargill seem likely to benefit from proposed changes to New Zealand's electricity pricing, although there is still a long way to go before any changes are finalised.

Economy growing faster than usual

Economy growing faster than usual

The economy appeared to be growing at a better than average pace, judging by the latest two indices published by the BNZ and BusinessNZ, BNZ senior economist Craig Ebert said.

Increase in household, farm debt of concern

Increasing the time being, the increase in household debt was sustainable, he said. Continued low interest rates meant the proportion of household incomes spend on debt servicing had remained low.

Right direction taken - Flick

Exposing consumers to the true cost of electricity was likely to change their usage behaviour, Flick Electric chief executive Steve O'Connor said.

Eyes now on Tiwai Point

Eyes now on Tiwai Point

The proposed electricity-transmission charging changes produced clear winners and losers but all eyes would now turn to the actions of New Zealand Aluminium Smelters, the operator of Tiwai Point.

Dairy auction likely to herald milk price

The GlobalDairyTrade auction early tomorrow is likely to be the final announcement for the first estimate of the milk price for the coming season.

Act says 'corporate welfare' on rise

The Government is being accused of continuing "corporate welfare'' after Science and Innovation Minister Steven Joyce announced an extra $15million in funding for commercialisation of scientific research and supporting start-up companies.

IRD proposal could mean tax on employee shares

IRD proposal could mean tax on employee shares

A Dunedin tax expert is warning Inland Revenue is proposing a new rule which may mean the introduction of a capital gains tax on shares granted to employees.

Power transmission price draft expected

Power transmission price draft expected

Meridian Energy and New Zealand Aluminium Smelters are picked to be the key winners when the latest transmission pricing thinking is released tomorrow, Forsyth Barr broker Damian Foster says.