Dene Mackenzie

Government ditches $1000 kick-start incentive for KiwiSaver

Government ditches $1000 kick-start incentive for KiwiSaver

The $1000 kick-start incentive to join KiwiSaver has ended immediately as part of Budget 2015 announcements by Finance Minister Bill English.

Surpluses still in forecasts only

The Crown books are in good shape and on track to a surplus next year as the Government maintains its careful and responsible management of public spending, Finance Minister Bill English says.

Jade cuts loss to $974k from $3.5m

Jade cuts loss to $974k from $3.5m

Software developer Jade, which has operations in Dunedin, made significant financial progress in the year ended December, chairwoman Ruth Richardson says.

$52m fund to help in Auckland

The Government says it is accelerating its efforts to address the housing crisis in Auckland by establishing a $52million fund to help with housing development.

Budget 2015: Opposition ready to attack

Budget 2015: Opposition ready to attack

Opposition forces are gathering to tear the Government's seventh Budget apart this afternoon, in sharp contrast to previous years when Finance Minister Bill English received a near dream run.

Dairy prices fall but futures firmer

Dairy prices fall but futures firmer

Overall dairy prices have fallen for the fifth consecutive time, putting extra pressure on over-capitalised dairy farmers and the New Zealand economy at large.

Goodman delivering to expectations, guidance

Goodman delivering to expectations, guidance

Goodman Property Trust's annual profit and commentary found favour with brokers yesterday after the company lifted both its profit and its cash distribution.

Return to fiscal discipline

Budget 2015 is likely to see a return to the theme of fiscal discipline after last year's mini spend-up, Westpac senior economist Michael Gordon says.

Rates cut in expectation of OCR fall

Rates cut in expectation of OCR fall

Retail banks have started cutting their mortgage lending rates in anticipation of the Reserve Bank slashing its official cash rate, perhaps as soon as next month.

Services sector growth in April

Services sector growth in April

New Zealand's services sector continued to remain in a tight band of expansion for April and the BNZ-BusinessNZ Performance in Services Index recorded its fifth consecutive month of expansion.