Dene Mackenzie

NZ market buffeted by global fall

NZ market buffeted by global fall

A line-up of NZX50 heavy hitters due to report their interim profits this week may start to calm the nerves of investors worried about ongoing market volatility.

Competition slices into Air NZ profit

Competition slices into Air NZ profit

Competition was increasing for Air New Zealand, which would start to erode the benefits of lower fuel prices, particularly in the 2017 financial year, Forsyth Barr broker Peter Young said.

Market’s caution well justified in conditions

Market’s caution well justified in conditions

The abundance of risks in the global economy justifies caution, Harbour Asset Management director Craig Stent says.

Reporting season starts on positive note

Reporting season starts on positive note

Listed New Zealand retailers are expected to provide a positive reporting season, which started yesterday with Michael Hill International reporting an improved profit for the six months ended December.

Southern manufacturers maintaining positivity

Southern manufacturers maintaining positivity

Otago-Southland manufacturers remain positive although there was a "mixed bag of results'' in the latest Performance in Manufacturing Index released yesterday.

SkyCity shares fall despite profit

SkyCity shares fall despite profit

Casino operator SkyCity's share price fell yesterday, despite the company reporting a much improved profit and lifting its dividend to 10.5c per share.

Retail card spending to grow: ASB

Retail card spending to grow: ASB

Record low interest rates, record high net migration and strong tourist numbers will continue to support electronic card spending this year, ASB senior economist Jane Turner says.

ASB Bank reports increased profits

Strong balance sheet growth and market share gains in targeted areas helped ASB Bank report increased profits for the six months ended December.

Road shows to clarify TPP

The Government-run roadshows on the Trans Pacific Partnership trade agreement start next month with one being held in Dunedin on March 14.

Varied results for power companies

During the past two weeks, most of the listed electricity companies have reported either monthly or quarterly statistics, highlighting mixed performances across the sector. Business editor Dene Mackenzie talks to Forsyth Barr broker Suzanne Kinnaird about industry conditions.