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Money management stories

RBNZ reviewing 4.5% 'neutral' monetary policy setting
Reserve Bank of New Zealand

RBNZ reviewing 4.5% 'neutral' monetary policy setting

Work is underway to review what the central bank thinks is a neutral setting - where the OCR neither stimulates nor holds back economic growth.

By Pattrick Smellie • 3 min read • Thu, 12th Mar 2015
NZ dollar heads for 0.9% weekly decline as US jobs data looms
New Zealand Dollar

NZ dollar heads for 0.9% weekly decline as US jobs data looms

US figures will provide a gauge on the strength of the world's biggest economy and give the greenback its next cue for a direction.

By Pattrick Smellie • 3 min read • Fri, 6th Mar 2015
NZ dollar heads for 0.4% weekly gain; greenback poised for more strength
New Zealand Dollar

NZ dollar heads for 0.4% weekly gain; greenback poised for more strength

There might be an extended rally for the US currency as the prospects for the world's biggest economy remain strong.

By Pattrick Smellie • 3 min read • Fri, 27th Feb 2015
UPDATED: Fletcher shares drop on reduced FY guidance, lack of franking credits
Fletcher Building

UPDATED: Fletcher shares drop on reduced FY guidance, lack of franking credits

Fletcher stock plunges 4.5% amid profit dive and scrapped franking credits, with full-year earnings to hit the lower target end.

By Pattrick Smellie • 4 min read • Wed, 18th Feb 2015
CORRECT: CDL Investments lifts full-year profit, dividend; shares at highest since 1987
Financial results

CORRECT: CDL Investments lifts full-year profit, dividend; shares at highest since 1987

Profit rose to $14.7 million, or 5.35 cents a share, in calendar 2014, from $13.4 million, or 4.92 cents, a year earlier.

By Pattrick Smellie • 1 min read • Tue, 10th Feb 2015
ANZ AgriFocus forecasts farmgate milk price of $4.50-to-$4.70/kgMS with tide turned on dairy prices
AgriHQ

ANZ AgriFocus forecasts farmgate milk price of $4.50-to-$4.70/kgMS with tide turned on dairy prices

ANZ AgriFocus signals modest dairy rebound with a projected NZ farmgate milk price of $4.50-4.70/kgMS amidst economic risks.

By Pattrick Smellie • 3 min read • Thu, 5th Feb 2015
NZ dairy herd rises to record 6.7M as sheep flock falls to 29.6M
Trade

NZ dairy herd rises to record 6.7M as sheep flock falls to 29.6M

The nation's dairy herd rose 4 percent in the latest year, extending the long-term trend that has seen milk become the dominant farm product.

By Pattrick Smellie • 2 min read • Tue, 16th Dec 2014
Comvita shareholders exercise 5.6M of 6.9M rights on offer, triggering shortfall bookbuild
Trade

Comvita shareholders exercise 5.6M of 6.9M rights on offer, triggering shortfall bookbuild

The Te Puke-based maker of health products based on manuka honey aimed to raise $24.4 million in the offer at $3.55 apiece.

By Pattrick Smellie • 2 min read • Tue, 16th Dec 2014
NZ weekly rents rise 5.3% in November as annual increases slow
Reserve Bank of New Zealand

NZ weekly rents rise 5.3% in November as annual increases slow

NZ sees a 5.3% rise in weekly rents for November, signalling a slowing trend in annual increases, with Trade Me noting housing rents plateauing.

By Pattrick Smellie • 2 min read • Mon, 15th Dec 2014
High Court turns down Kuwait Finance House claim over Canterbury funding
Investment

High Court turns down Kuwait Finance House claim over Canterbury funding

The Kuwaiti firm asked the court to uphold a ruling in the Bahrain Chamber for Dispute Resolution against Berkeley, California-based David Teece.

By Pattrick Smellie • 3 min read • Thu, 11th Dec 2014
NZ dollar heads for 0.9% fall as US jobs report looms
NZ Dollar

NZ dollar heads for 0.9% fall as US jobs report looms

As the US jobs report looms, the NZ dollar is set for a 0.9% tumble, amidst global shifts and economic speculations.

By Pattrick Smellie • 2 min read • Fri, 5th Dec 2014
Abano agrees to sell orthotics business, taking 'small loss' against 2015 results
Health Technologies

Abano agrees to sell orthotics business, taking 'small loss' against 2015 results

Abano Healthcare sells its orthotics arm to private investors, accepting a small loss on 2015 results, steering focus towards dental growth.

By Pattrick Smellie • 2 min read • Tue, 25th Nov 2014
NZ dollar heads for 0.4% decline as greenback strengthens on yen
Shares

NZ dollar heads for 0.4% decline as greenback strengthens on yen

The kiwi slid to 78.81 US cents at 5pm from 79.15 cents at 8am on Monday. The trade-weighted index edged lower to 78.29 from 78.38 on Monday.

By Pattrick Smellie • 2 min read • Fri, 21st Nov 2014
ASB trims milk price forecast by 40c in wake of GDT prices hitting lowest level in five years
Shares

ASB trims milk price forecast by 40c in wake of GDT prices hitting lowest level in five years

ASB cuts milk price forecast by 40c to $4.70/kgMS as GlobalDairyTrade hits a 5-year low, shaking NZ dairy farmers' confidence.

By Pattrick Smellie • 3 min read • Wed, 19th Nov 2014
UPDATE: Weekly rental increases hit city-dwellers rather than the provinces
Trade Me

UPDATE: Weekly rental increases hit city-dwellers rather than the provinces

Urban renters feel the pinch as weekly rental costs soar by 6.4%, with cities facing sharper increases compared to provincial areas.

By Pattrick Smellie • 3 min read • Tue, 11th Nov 2014
Xero's shrinking losses
Fintech

Xero's shrinking losses

Xero narrows its losses to $3.7m from $4.7m, as global expansion and robust home market herald its rise as a future online accounting titan.

By Staff Writer • 2 min read • Fri, 18th Nov 2011

Global Stories

Money management stories

NZ Dollar Outlook: Kiwi may decline this week as Fed, GDP loom
New Zealand Dollar

NZ Dollar Outlook: Kiwi may decline this week as Fed, GDP loom

The New Zealand dollar, currently at 73.25 US cents, may slip further this week as traders await the US Federal Reserve's stance on interest rates.

By Pattrick Smellie • 3 min read • Mon, 16th Mar 2015
NZ dollar heads for 4.2% decline in 2014, reflecting weaker dairy prices, stronger greenback
NZ Dollar

NZ dollar heads for 4.2% decline in 2014, reflecting weaker dairy prices, stronger greenback

NZ dollar ends 2014 down 4.2%, hit by falling dairy prices and a buoyant US dollar, but may rebound as the local economy shines.

By Pattrick Smellie • 4 min read • Wed, 31st Dec 2014