Dene Mackenzie

Labour costs still challenge

Labour costs still challenge

New Zealander's hospitality sector sales grew strongly in the year ended March, but labour costs remain the biggest test for businesses.

Region records highest hospitality sales growth

The number of hospitality outlets in Otago grew in 2013 by 2.3%, after four years of reduction.

Scales seeks $30m for expansion drive

Scales seeks $30m for expansion drive

Christchurch-based Scales Corporation is seeking $30 million from investors as it prepares to list on the NZX on July 5.

Warm winter gets blame for profit downgrade

Warm winter gets blame for profit downgrade

Warmer autumn and winter temperatures have caused The Warehouse Group to downgrade its profit expectations from the guidance given in March.

3.8% growth beats forecast

3.8% growth beats forecast

Higher interest rates look likely next month, as New Zealand's economic growth soared in the three months to March.

Fed cuts US economic growth forecast

Economic growth rates in the United States have been slashed by the Federal Reserve after officials took into account the sour start to the year, when severe winter weather crippled activity in major centres.

Labour swap good for Dunedin MPs

Labour swap good for Dunedin MPs

A change in the Labour Party leadership to Grant Robertson would have benefits for the two Dunedin MPs, Clare Curran and David Clark, both of whom were strong supporters of Mr Robertson in last year's leadership round.

Scheme should be universal: consultant

Scheme should be universal: consultant

Making KiwiSaver compulsory would be a good thing but it needed to be universal, with no special exemptions to degrade its effectiveness, Dunedin financial consultant Peter Smith said yesterday.

Sector growth eases

New Zealand's service sector growth has eased from record levels but activity in May is still indicating above-average growth.

Figures should show economy growing

Data on Wednesday and Thursday is expected to provide more indications of the strength of the New Zealand economy, with the expectation of economic growth of 3.8% for the year ended March.