Dene Mackenzie

Tax relief will free up cash for farmers

Tax relief will free up cash for farmers

The tax relief announced this week for drought-affected South Island farmers provides an opportunity for farmers to free up cash flow, Crowe Horwath tax principal Tony Marshall says.

Positive growth expectations for jeweller

Positive growth expectations for jeweller

Michael Hill International reported what it called a ''satisfactory'' first-half financial result but the jewellery company provided no guidance for the rest of the year.

Spending drops in line with fuel price

Household spending is poised to accelerate modestly this year, judging from the latest electronic cards transactions data for January, ASB economist Jane Turner says.

NZME. result above November forecast

The New Zealand arm of APN News & Media, NZME., reported falls in both revenue and operating profit for the year ended December, figures released to the NZX yesterday showed.

Pressure on SkyCity finances

Pressure on SkyCity finances

SkyCity Entertainment's already-stretched balance sheet is unlikely to be able to cope with an extra $100 million of debt to meet the cost of an upgraded New Zealand International Convention Centre.

NZD: bearish but no basket case

NZD: bearish but no basket case

The New Zealand dollar is likely to stay strong against the Australian currency at least until March of next year while falling at the same time against the United States dollar, BNZ research shows.

Govt bid to cut red tape hailed

Govt bid to cut red tape hailed

The Otago Chamber of Commerce and the Otago-Southland Employers Association are right behind any moves by the Government to cut down on the amount of red tape their members have to deal with.

NZ economy set to grow

NZ economy set to grow

New Zealand is set for a year of overall economic growth but the latest ASB quarterly economic forecasts show global growth forecasts have been downgraded.

Quiet start to New Zealand reporting season

Quiet start to New Zealand reporting season

The New Zealand economic calendar is quiet this week although the February reporting seasons starts tomorrow and the corporate news flow will soon take centre stage in the business headlines.

Spark to face profitability challenges

Spark to face profitability challenges

The share price of Spark New Zealand ignores the risks Spark continued to face with its high margin legacy fixed line calling services migrating to new services as fibre is installed, Forsyth Barr broker Andrew Rooney says.