Fletcher Building CEO’s Convention Centre frustration
CEO says the costly Convention Centre project is officially unprofitable.
AdvertisementAdvertise with NZME.
Latest fromMarkets
Freightways to dual list on Australian stock exchange
Performance of new Australian investment highlight of a challenging year.
Markets with Madison: Fletcher Building’s frustrations
The cost to finish the plagued NZ International Convention Centre has hit $1 billion. Here’s what Fletcher Building’s CEO Ross Taylor really thinks about it. Video / NZ Herald
Analysts’ verdict on Spark’s full-year result
Spark is lifted by mobile service revenue, the TowerCo transaction and Spark Sport's exit.
Rates and regrets: Adrian Orr in his own words
What the mortgage-free Governor wants you to know about the economy.
Markets with Madison: RBNZ Governor’s regrets
The mortgage-free Governor of the Reserve Bank of NZ, Adrian Orr, says inflation is ‘evil’. In this extensive interview, he discusses his plan to reduce interest rates and his regrets.
My Food Bag defends executive salaries, remains focused on 'right-sizing'
My Food Bag chairman Tony Carter defended high exec payouts as the company cuts costs.
Agriculture and trade: MPI chief on new markets and priorities
Consumer preferences will change, providing new market opportunities
Market close: Fletcher shares plunge
Synlait and a2 Milk also took a hit on weaker dairy prices.
Economists revise their forecasts after dairy price slump
A 'bloodbath' was expected at the Global Dairy Trade auction - and it delivered.
Troubled kiwifruit growers query Zespri CEO's offshore base
Placing CEO close to markets has a downside back home in a crunch.
‘Expect a bloodbath’: Futures pricing suggests another weak dairy auction
Prices are expected to weaken further at latest Global Dairy Trade auction.
KiwiSaver pie hits $97.5b, but average returns behind inflation
Only the most aggressive options are outpacing 6pc inflation.
Consumption crunch: The companies to watch this earnings season
Major companies begin revealing their finances from today.
Markets with Madison: Earnings season
Fletcher Building and retailers Michael Hill and Hallenstein Glasson Holdings could show signs of a consumption crunch this NZ earnings season. Here's the stocks investors will be watching this month & why.
FMA warns NZX-listed Enprise over its accounting records
“We are taking up FMA’s offer to discuss how Enprise can further improve its practices."
‘Pretty darn good’: Sir John Key upbeat despite debt stress, China’s economy
The chair of NZ's biggest bank reflected on the state of our economy on his 62nd birthday.
Markets with Madison: Sir John Key on debt defaults, bank profits
The head of New Zealand’s biggest bank says he’s surprised by the lack of mortgage defaults but expects it will get worse.
ANZ takes a knife to its milk price forecast
Dairy commodity prices have dropped sharply lately, and further weakness is forecast.
Exclusive: Why US$8.6 trillion BlackRock loves NZ
Its latest $2b fund is not its first deal here.
Inflation bites into second-quarter sales for Restaurant Brands
Restaurant Brands is bracing itself for a 'disappointing' full-year net profit.
Gas mogul who redrew energy map clings to ranch after loans come due
Financial Times: He pioneered the American LNG boom but now warns of homelessness.
Insider buying: Which NZ company boss holds nearly $200m of shares?
One executive just upped his stake to $197m.
Milk price meltdown: The $5b hit coming to NZ’s economy
It means less tax for the Government and some farmers may not be able to stay in business.
Apple profits rise as services arm surpasses 1 billion users
Financial Times: Tech giant’s revenue down 1% to for quarter in third straight decline.
Carbon market chaos: Price halved, 9 million units unsold
Some investors are ditching the carbon market due to volatility.
Markets with Madison: Carbon market chaos
Almost 9 million carbon units have gone unsold in the past two auctions – now the Government is stepping in to limit supply and lift prices. Video / NZ Herald
Bank of England raises interest rates by 0.25 percentage points
Financial Times: Smaller increase amid signs persistently high inflation is easing.
Dividends make a comeback for tourism sector - why Air NZ will be the laggard
And what other stocks are under scrutiny this reporting season.
US stocks notch longest monthly winning streak in two years
Financial Times: Surge as investors seize on falling inflation and resilient growth.
Market close: NZX jumps on business confidence rise
The S&P/NZX 50 Index had its best close in 10 weeks.
Name suppression retained as insider trading trial starts
The defendant has again pleaded not guilty to the charge.
Buyout boom: Who’s coming after Kiwi companies?
PLUS: How to pick recession resilient stocks.