Dene Mackenzie

House-building likely to take off

House-building likely to take off

Construction activity is likely to soar this year after the number of building consents issued reached their highest level for seven years in November.

NZOG buys into Cue; takeover expected later

In an intriguing move, New Zealand Oil and Gas (NZOG) has acquired 20% of Australian-listed oil and gas explorer Cue Energy, buying its stake from Todd Energy.

Deflation in this case not a bad thing

Deflation in this case not a bad thing

New Zealand is in the midst of a period of modest deflation. But it is not born of weak domestic demand.

Warehouse Group prospects downgraded

Forsyth Barr acted swiftly yesterday in downgrading The Warehouse Group's prospects for the current financial year after the unexpected profit downgrade announced earlier.

Warehouse report downgrades profit

Warehouse report downgrades profit

The Warehouse Group trading update released yesterday was described as a ''shocker'' after the company downgraded its profit forecast for the first half of the trading year ending on January 25.

Dairy prices lift at auction

Dairy prices lift at auction

Whole milk powder prices were yet to show the type of recovery required to support Fonterra's $4.70 per kilogram of milksolids farm-gate milk price, Forsyth Barr broker Andrew Rooney said yesterday.

Rush of new property listings in Otago last month

Otago had a rush of new property listings in December, an increase of 22.1% compared with December last year, and the second-highest increase in the country behind Wellington.

Oil prices down almost 10% as glut continues

Oil prices have tumbled to fresh five and a-half-year lows as Saudi Arabia ruled out cutting production and commentary indicated no early end to the supply glut.

Interest pressures fall with oil

Interest pressures fall with oil

The prospects of further interest rate rises by the Reserve Bank become more distant by the day as oil prices plunge, along with prices of other resources.

Oil price slide could slow exploration in NZ

Oil price slide could slow exploration in NZ

Oil and gas exploration in New Zealand could slow as the price of oil continues to slide and some projects become uneconomic, Craigs Investment Partners Peter McIntyre said yesterday.