The latest from Jonathan Underhill

News, opinion and analysis by Jonathan Underhill

CORRECT: New Zealand employment confidence falls to 3-year low on weak wage growth
Jonathan Underhill | Sun, 27 Sep 2015

(Corrects spelling of Westpac economist Satish Ranchhod) By Jonathan Underhill Sept. 28 (BusinessDesk) - New Zealand employment confidence turned pessimistic in the third quarter, falling to a three-year low, with fewer workers expecting a pay rise in a labour market where...

NZ dollar slips from week-high as Fed officials tip rate hike this year, Boehner flags exit
Jonathan Underhill | Sun, 27 Sep 2015

By Jonathan Underhill Sept. 28 (BusinessDesk) - The New Zealand dollar fell from its highest level in a week after two Federal Reserve officials followed chair Janet Yellen in expressing their preference for the start of interest rate hikes this year. The kiwi fell to 63.61...

World Week Ahead: Fed asserts itself
Jonathan Underhill | Sun, 27 Sep 2015

By Margreet Dietz Sept. 28 (BusinessDesk) - The coming week is filled with speeches by US Federal Reserve policy makers including Chair Janet Yellen, on Wednesday, as well as a slew of economic data including the government's monthly jobs report.  Wall Street rebounded on F...

MARKET CLOSE: NZ shares gain; Fonterra Fund rises, Pumpkin Patch at record low
Jonathan Underhill | Fri, 25 Sep 2015

By Jonathan Underhill Sept. 25 (BusinessDesk) - New Zealand shares rose, as Xero gained and the Fonterra Shareholders' Fund advanced for a second day on the dairy cooperative's improved earnings and stronger forecast milk payout. Pumpkin Patch sank to a record low after cuttin...

Pumpkin Patch in talks with bank after cutting guidance, delaying results
Jonathan Underhill | Thu, 24 Sep 2015

By Jonathan Underhill Sept. 25 (BusinessDesk) - Pumpkin Patch delayed the release of its 2015 results and said provisioning means it will miss earnings guidance and post a bigger net loss, which has forced the children's clothing retailer into talks with its lender, ANZ Bank N...

NZ dollar gains after Fonterra raises payout forecast, Guoxin commits to Christchurch investments
Jonathan Underhill | Thu, 24 Sep 2015

By Jonathan Underhill Sept. 24 (BusinessDesk) - ​The New Zealand dollar rose after Fonterra Cooperative Group lifted its forecast payout to farmers, reducing the prospects of the rural sector slowing the economy, and after China's Guoxin International Co committed to raising s...

Fonterra lifts 2015/16 milk payout forecast to $4.60/kgMS after full-year profit surges
Jonathan Underhill | Wed, 23 Sep 2015

Sept. 24 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, raised its forecast milk payout from a decade low after posting a jump in full-year profit driven by improved returns from its consumer and food service businesses, and improved margins from...

NZ dollar lifts as Fonterra forecast spurs gains in crosses
Jonathan Underhill | Wed, 23 Sep 2015

By Jonathan Underhill Sept. 24 (BusinessDesk) - The New Zealand dollar rose on an improved forecast payout by Fonterra Cooperative Group spurred the currency higher against most of the other cross rates, reversing an overnight slide against the greenback as global markets refl...

NZ dollar extends slide after China manufacturing gauge falls to 5-year low
Jonathan Underhill | Wed, 23 Sep 2015

By Jonathan Underhill Sept. 23 (BusinessDesk) - The New Zealand dollar extended its decline after a measure of Chinese manufacturing plunged to the lowest level since March 2009, driving down stock markets across Asia and weighing on growth-linked currencies such as the kiwi....