BUDGET 2017: Tax and benefits package targets low to middle income families
By Pattrick Smellie May 25 (BusinessDesk) - The Budget’s $2 billion a year package of tax and accommodation benefit changes is skewed deliberately towards the lowest income families and areas where rents are highest in an election year pitch by the government to be seen to res...
BUDGET 2017: Election year budget spends down future surpluses for families and infrastructure
By Pattrick Smellie May 25 (BusinessDesk) - Tax cuts for every working New Zealander, targeted to low and middle income earners, more generous assistance for families and renters, and a massive spend-up on public services infrastructure mark Finance Minister Steven Joyce’s ele...
Metroglass profit dips on Aussie expansion costs, capex looms
By Pattrick Smellie May 25 (BusinessDesk) - Metro Performance Glass delivered a $19.4 million net profit for the year to March 31, down from $21.3 million a year earlier, as it absorbed the costs of a major acquisition in the Australian market and the impact of declining build...
Mixed blessings for Contact Energy from low southern hydro lakes
By Pattrick Smellie May 24 (BusinessDesk) - Low inflows of water into the South Island's hydro-electricity storage lakes are expected to knock Contact Energy's earnings in the second half of the current financial year but should boost prices for electricity to residential, com...
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