Telecom result will be closely scrutinised
Telecom result will be closely scrutinised
The Telecom fourth-quarter and full-year result out tomorrow will be scrutinised by analysts more closely than usual.
Dene Mackenzie
SkyCity profit as expected
SkyCity profit as expected
Casino operator SkyCity Entertainment Group yesterday reported an operating profit in line with expectations, resulting in Forsyth Barr retaining its recommendations.
Former student leader seeking Labour candidacy
Former student leader seeking Labour candidacy
Former Otago University Students Association president Simon Wilson is the third person to express an interest in being selected as the Labour Party candidate in Dunedin North.
SFO backing away, Hubbard supporters say
SFO backing away, Hubbard supporters say
Letters sent to Aorangi Securities investors appear to indicate the Serious Fraud Office is backing away from its investigation into the companies and trusts associated with Timaru businessman Allan Hubbard, supporters say.
Financial provider register opens
Financial provider register opens
The opening yesterday of the Financial Services Providers register was the first step in rebuilding investor confidence in financial markets, Commissioner for Financial Advisers David Mayhew said.
Winter helps regional service industry
Winter helps regional service industry
The inflow of winter tourists has helped lift the Otago-Southland service industry off the June low.
IRD could spring surprise on cash businesses
IRD could spring surprise on cash businesses
Hospitality workers and sellers of scrap metal could be in for a major surprise this year if the Inland Revenue Department starts asking questions about how much cash they earn but do not declare.
Raft of flat results tipped in reporting week
Raft of flat results tipped in reporting week
At least 12 listed companies will report their half or full-year results this week, and Forsyth Barr broker Tony Conroy is expecting a raft of subdued results.
Aorangi hardship cases to be assessed
Aorangi hardship cases to be assessed
The statutory manager of Aorangi Securities appears to have bowed to public pressure and appointed an independent administrator to assess hardship cases for those who have had funds frozen.
Review special: Thrillers
Review special: Thrillers
Dene Mackenzie reviews the latest thrillers.
Data means rate hikes unlikely
Data means rate hikes unlikely
The Reserve Bank looks increasingly unlikely to lift its official interest rate on September 12, but that is not likely to mean good news for homeowners with mortgages. Business editor Dene Mackenzie explains.
Still time to enjoy low rates: BNZ
Still time to enjoy low rates: BNZ
Floating-rate home-loan borrowers still have time to enjoy low rates before switching to fixed terms, BNZ chief economist Tony Alexander says.
Allied Farmers hit by big devaluing
Allied Farmers hit by big devaluing
Allied Farmers faces a difficult future after revealing yesterday another substantial write-down in the value of the assets it bought in December from Hanover Finance and United Finance.
Hubbard investors' fund grows
Hubbard investors' fund grows
Nearly $40,000 had been raised from the public to help Aorangi investors most in need, a spokesman for the Hubbard Support Fund Trust, John Funnell, said yesterday.
Markets sliding from attack of nerves
Markets sliding from attack of nerves
Nervous investors around the world contributed to falling sharemarkets in almost every country, but the fall in the NZX-50 was limited by low volumes as investors kept their hands in their pockets.
Compensation unlikely, lawyer says
Compensation unlikely, lawyer says
Aorangi investors who have their investments with the Allan Hubbard-linked company are unlikely to receive any government compensation for lost income or hardship, Dunedin lawyer Sally Peart says.
Fed's worries about economic recovery hit markets
Fed's worries about economic recovery hit markets
Sharemarkets could be in for a rocky few days after the United States Federal Reserve stepped in yesterday to try and drive down debt and boost economic growth.
Govt's partnership push draws positive response
Govt's partnership push draws positive response
Public sector decision-making concerned with infrastructure investment will now have to consider public private partnerships, a move which is likely to find widespread industry support.
Floating rates rise, fixed rates lag
Floating rates rise, fixed rates lag
Mortgage lending rates are on the move again, but not in the way earlier predicted.
Retailing continues to be flat
Retailing continues to be flat
Households are likely to remain cautious with their spending after recent labour market data showed subdued wage growth as unemployment soared to 6.8%.