Dene Mackenzie

Trade Me hit by extra costs

Trade Me produced a weak result for the six months ended December, with increased costs the main reason for the disappointing figures, Craigs Investment Partners broker Chris Timms said yesterday.

Contact profit result 'disappointing'

Contact profit result 'disappointing'

Contact Energy, which has hydro assets on the Clutha River, produced a result which was a ''little disappointing'', in the six months ended December, Forsyth Barr broker Andrew Rooney said yesterday.

FPH raises guidance after strong device sales

FPH raises guidance after strong device sales

Investors reacted well to news yesterday Fisher & Paykel Healthcare had raised its earnings guidance and would expand its manufacturing facility in Tijuana, Mexico.

Telecom profit rise tipped; watch for progress update

Telecom profit rise tipped; watch for progress update

Telecom is expected to report an increased underlying profit for the six months ended December, driven by significant cost reduction work, Forsyth Barr broker Suzanne Kinnaird said.

Service industries sensational

Service industries sensational

It has proved a sensational summer for the Otago-Southland service industry which led the country for activity in January, following on from the success last week of its manufacturing sector.

Retail sales growth data perplexes economists

Retail sales increased by 1.2% in the three months ended December, considerably weaker than the 2.5% growth expected by economists.

Curran opposes Chorus proposal

Curran opposes Chorus proposal

Labour MP Clare Curran is calling for the Commerce Commission to reject a suggestion by Chorus it offer its own pricing analysis to speed up the decision on copper wire prices.

House price confidence still high

House price confidence still high

House price expectations remain elevated in the latest ASB Housing Confidence Survey with a net 47% of respondents expecting house prices will increase.

South Island hydro rules

South Island hydro rules

South Island hydro-electric generation stations are powering the country, brokers say. With the first of the listed electricity generators set to report on Tuesday, Business editor Dene Mackenzie previews their prospects.

Unresolved tax still affecting jeweller

Tax issues continue to haunt the balance sheet of listed jeweller Michael Hill International and the group has paid substantially more tax in the six months ended December than it did in the previous corresponding period (pcp).