The New Zealand Superannuation Fund took a hit in August as
global markets continued their volatile runs.
Another strong earnings statement from Air New Zealand has
led to a substantial upgrade on the company from Craigs
Investment Partners and a buy recommendation.
A significant rebound in the number of New Zealanders leaving
for Australia looks unlikely but a slowing in the net inflow
of migrants is on the cards, Westpac economist Felix Delbruck
The management of A2 Corporation could now focus on
delivering growth following the successful capital-raising
announced yesterday, Craigs Investment Partners broker Peter
Household spending has bounced back to its early 2015 peak
but the growth is expected to moderate for the rest of the
Wicked Networks, the Dunedin Wi-Fi supplier, is providing
free gigabit-capable public Wi-Fi at today's Vogel St party
to help celebrate Dunedin as the City of Literature and
Dunedin company Scott Technology lifted both revenue and
profit in the year ended August 31 but kept its dividend
unchanged as the company prepares to release a takeover offer
to the market.
Listed jeweller Michael Hill International has made a strong
start to the year with first-quarter sales up 9.2% for
Michael Hill stores.
New Zealand needs to be careful not to get out of step with
the rest of the world in implementing tax changes on
multinational companies seeking to minimise their tax
obligations, Deloitte Dunedin tax partner Peter Truman says.
The strong momentum in Summerset's business has continued,
with third-quarter sales and year-to-date sales well ahead of
the previous corresponding period, Forsyth Barr broker
Suzanne Kinnaird says.
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