Stories by Gyles Beckford
News
Du Val Group: Receivers query irregular accounting, valuations
A PwC report has highlighted irregular accounting, questioned valuations of assets, and related party transactions which led to the group being placed into statutory management last month.
Stiff penalties proposed for supermarkets after no improvement
The Commerce Commission says it's planning to ramp up regulation and enforcement.
Fletcher Building reaches multi-million dollar settlement over leaky pipes
It has just told the NZ stock market that it will have to set aside $168 million in its next financial statement to cover the settlement.
Auckland property investor and developer Du Val Group put in statutory management
Authorities have tightened their control of Auckland property investor and developer Du Val Group by having it placed in statutory management.
A2 Milk, Synlait settle year-long dispute over infant formula
Synlait says settling the dispute is another step in the company's recovery.
'Energy fretting' becomes a year-round, national event
Analysis - For the second time in three months the whiff of panic has enveloped the country's power sector.
Firm offers up to $590 million to take over The Warehouse Group
Australia's Adamantem Capital has made an unsolicited offer to take over the group, with the backing of founder Sir Stephen Tindall.
ComCom still has doubts over proposed Foodstuffs North and South Island merger
The Commerce Commission still has considerable doubts about the proposed merger between the North and South Island Foodstuffs grocery groups.
Synlait Milk shareholders back $130m loan
The loan arrangement runs for 12 months with an 8 percent interest rate.
OCR remains unchanged at 5.5% for eighth consecutive meeting
However, the Reserve Bank has hinted rate cuts may be closer than previously thought.
ASB brings Reserve Bank rate cut prediction forward to November
ASB is the latest local bank to bring forward its forecast of a Reserve Bank rate cut, picking it could come as soon as November.
NZ out of recession but still in deep economic hole
Analysis - For a country that had just crawled out of recession, there were not many happy faces on the capital's streets today.
Economy limps out of recession as GDP grows
NZ's first-quarter was better than Australia's - and enough to end a 'technical recession' - but lagged behind most trading partners. Audio
Are we out of the recession yet?
Questions about where the economy is headed come amid weak consumer, manufacturing, and construction activity. Audio
Fears recession here to stay, as job ads fall
The economic headwinds are getting stronger as the jobs market and retail spending weaken.
Loss of momentum in housing market
The property market's recovery is fading as prices start falling in a growing number of places.
More than half of Synlait Milk's suppliers want to quit
Embattled dairy company Synlait Milk has confirmed that more than half of its suppliers want to quit, its earnings outlook has been downgraded, and it's scrapped the sale of an asset.
Tiwai Point aluminium smelter to stay open until 2044
The package includes a long-term fixed price contract for wholesale electricity price.
Government surpluses get further away as economy struggles
The government has been forced to tighten its belt to pay for tax cuts.
The numbers to watch in today's Budget
From tax cuts to debt - these are the figures to keep an eye on as Budget 2024 is released.
ComCom plan would see $15-a-month electricity bill rises
Higher electricity prices are necessary to fund investment in the electricity network, says commissioner Vhari McWha.
Why the Reserve Bank isn't likely to budge on OCR - yet
Analysis - The RBNZ is determined that inflation heads downwards - and stays there - and will be watching the Budget closely too, Gyles Beckford writes.
How New Zealand got through the power supply threat
Analysis - A combination of consumer and business conservation measures and cranked up power stations met demand, Gyles Beckford writes.