Z Energy has downgraded its profit expectations for the full 2019 financial year although the dividend guidance of between 50c and 55c per share remains intact.
New Zealand's provincial economies were poised to drive growth in the economy, building on the recovery in dairy prices, Infometrics chief forecast Gareth Kiernan said yesterday.
Trustpower is the best value of the electricity stocks and provides one of the best dividend yields, particularly with increased capital returns likely, Forsyth Barr broker Lyn Howe says.
Petrol prices rose 3.2% in the June 2018 quarter, but this was countered by lower prices for used cars and home entertainment, Statistics New Zealand said yesterday.
Any increase in the official cash rate from the current 1.75% looks a long way off, after inflation rose 0.4% in June to reach 1.5% for the year.
New Zealand's regions are playing catch-up with Auckland and capacity constraints are already evident in parts, Kiwibank chief economist Jarrod Kerr says.
The United States June-quarter reporting season starts this week and is likely to drive markets more than anything else in coming days, Craigs Investment Partners broker Chris Timms says.
Australian-owned banks are the winners as more than 200,000 KiwiSavers who have invested in default funds miss out on an estimated $1 billion over the past six years.
New Zealand's inflation should be at 2%, the mid-point of the Reserve Bank's 1% to 3% range but it is not likely to have reached that point in the three months ended June, according to forecasts...
Increases in the New Zealand minimum wage to $20 an hour by 2021 could be the catalyst for a turnaround in wage inflation in New Zealand. Business editor Dene Mackenzie reports.
Consumers spent more across all industries in June, from food and drink to petrol, Statistics New Zealand says.
Forsyth Barr broker Damian Foster tells business editor Dene Mackenzie milk processor Synlait is building an electricity-powered boiler in affirmation of the sector’s long-term positive demand outlook.
Business confidence has collapsed in recent months, suggesting a sizeable loss of momentum. At the same time, the sharemarket has reached record highs.
Weak business confidence remains a theme throughout New Zealand and it has become a focal point for economists.
Ebos Group has been upgraded to buy by Craigs Investment Partners after the company won the tender to act as the exclusive third party distributor for pharmaceutical products.
St Hilda’s Collegiate School pupil Tamara Mason is feeling pleased and proud after being part of the winning team in the recent Young Enterprise Scheme competitions.
Dunedin City has the highest broadband speed in the country thanks to winning the Gigatown competition.
Broadband is a rapidly developing telecommunications service that is becoming increasingly important to Kiwis. It has almost become a necessity, says the Commerce Commission.