Air New Zealand is expecting significant earnings growth in
the coming year after posting a record profit yesterday for
the year ended June.
The New Zealand sharemarket is again expected to take its
early lead this morning from the Dow Jones before looking at
Genesis Energy has followed the lead set last week by
Meridian in reporting an improved profit and an increased
dividend, going some way in deflecting criticism of the
Government selling down its stake.
Billions of dollars were wiped off the Asia Pacific
sharemarkets yesterday but worse could come when the United
States, the United Kingdom and European markets open today.
Housing affordability has improved for first home buyers in
Dunedin and Queenstown but has become harder for those living
in the rest of the South Island.
Auckland International Airport was congratulating itself
yesterday on a great year but brokers were less than
impressed with the financial results for the year ended June.
Chorus will not pay out a dividend after seeing its revenue
and profits falling across most measures in the year ended
Otago has a two-speed economy, Queenstown racing along while
Dunedin struggles to keep up, according to the latest ASB
Migrants continue to flood into New Zealand, with July's net
migration of 5750 the highest net monthly inflow on record,
Statistics New Zealand figures released yesterday show.
Long-suffering Spark shareholders have been rewarded by the
company through increased dividend and a promise of a special
dividend next year.
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