The August reporting season has ended, with some exceptions, and with aggregate earnings exceeding analysts’ expectations, Forsyth Barr broker Damian Foster says.
TVNZ profit plummets
TVNZ profit plummets
State-owned Television New Zealand posted an 89% drop in full-year profit after taking a $12.4million writedown on the value of an “onerous” contract for content from the Disney studio and some $4…
Port company investing ‘to prepare for future’
Port company investing ‘to prepare for future’
A boost to cargo volumes has underpinned a revenue gain for Ports of Auckland, but its annual dividend to the Auckland City Council, its owner, slipped to $51.3 million for the…
Business remains in optimism mode
Business remains in optimism mode
Business confidence in August remained largely unchanged from the previous month, the latest ANZ Business Outlook shows.
Otago house prices up as nationally trend slower
Otago house prices up as nationally trend slower
National property values continue to show weakening signs, hitting a five-year low at less than 5% growth, but across much of Otago the price growth is double or even triple the national average.
Appeals against seabed mining
Appeals against seabed mining
Two High Court appeals have been lodged against a decision by the Environmental Protection Authority’s decision to grant Trans Tasman Resources consent to suction dredge ironsands off …
TVNZ’s profit tumble no cause for alarm: CEO
TVNZ’s profit tumble no cause for alarm: CEO
TVNZ’s 89% fall in profit shouldn’t ring alarm bells about major cost-cutting as it reflects restructuring work already done in the past year, its chief executive says.
More than 1000 businesses start in Tauranga in a year
More than 1000 businesses start in Tauranga in a year
More than 1000 new businesses have started up in Tauranga for the year to the end of June – as an ”explosion of home-based businesses” hits the city.
Otago leads way in building consent growth
Otago leads way in building consent growth
Otago had the largest percentage rise in homes granted consents in July, as the country’s overall numbers eased from 2811 in July last year to 2762.
Otago jumps up economic rankings
Otago jumps up economic rankings
Otago has leapt up the ASB regional economic scoreboard from 12th place to fourth with construction, house prices and retail data overshadowing national averages.
Vietnam may scuttle Trans-Pacific trade
Vietnam may scuttle Trans-Pacific trade
Vietnam may be reluctant to undertake tricky reforms to be part of a controversial Pacific free trade deal if there is no sweetener of better US market access.
Kupe sale helps NZOG back into black
Kupe sale helps NZOG back into black
Takeover target New Zealand Oil & Gas is back in the black, posting a $52.6million after-tax full-year profit and turning around last year’s asset-driven writedown and $51.8million loss.
Optimistic forecasts in Labour plan
Optimistic forecasts in Labour plan
Labour released its updated fiscal plan yesterday, which contained some optimistic forecasts about the economy for coming years.
Container hire company expanding
Container hire company expanding
Strength in Queenstown and Southland’s economies have prompted an expansion of domestic container hirer and refurbisher Royal Wolf, which will open its 13th depot in Invercargill shortly.
Peters unknown factor — Nikko
Peters unknown factor — Nikko
Nikko Asset Management is parking some funds across the Tasman as it weighs up which side of the fence likely kingmaker Winston Peters will fall, NZ head of equities Stuart Williams says.
NZIER report forecasts ‘solid’ economic outlook
NZIER report forecasts ‘solid’ economic outlook
New Zealand’s economy maintains a “solid outlook”, underpinned by tourists, immigrants and buoyancy in the agricultural sector, according to the New Zealand Institute of Economic Research quarterly prediction report.
TPP changes considered, say sources
TPP changes considered, say sources
The 11 countries committed to the TPP are considering amendments to the trade deal, sources say, as officials meet in Sydney for talks to re-energise the stalled agreement.
Surveys check on health of business
Surveys check on health of business
Another check on the strength of business and consumer confidence as New Zealand moves closer to the September 23 election will be provided to the markets on Thursday.
Chorus working to meet demand for fibre
Chorus working to meet demand for fibre
The strong demand for fibre meant Chorus was trialling new connection approaches, chief executive Kate McKenzie said yesterday.
Foodstuffs adds to redundancy list
Foodstuffs adds to redundancy list
A total of 37 jobs are now threatened in Dunedin, bringing to almost 400 the number of losses over the past five months.