About
A senior journalist and news editor with interest.co.nz, David Hargreaves has covered financial markets and economics both in New Zealand and Britain for longer than he cares to mention.
David Hargreaves
Latest articles
SkyCity Entertainment Group says in order to preserve 'headroom' with its financing covenants it has suspended dividend payments for both the 2024 and 2025 financial years; earnings guidance for current year downgraded; share price tumbles
6th Jun 24, 10:26am
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SkyCity Entertainment Group says in order to preserve 'headroom' with its financing covenants it has suspended dividend payments for both the 2024 and 2025 financial years; earnings guidance for current year downgraded; share price tumbles
Latest Reserve Bank figures show nearly three-quarters of the new mortgage money taken up by owner-occupiers in April was for at rates fixed for a year or less
5th Jun 24, 3:46pm
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Latest Reserve Bank figures show nearly three-quarters of the new mortgage money taken up by owner-occupiers in April was for at rates fixed for a year or less
Crown finances for the first 10 months of the year are some $1.7 billion better than was forecast in last week's Budget due to higher than expected tax revenue
5th Jun 24, 11:14am
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Crown finances for the first 10 months of the year are some $1.7 billion better than was forecast in last week's Budget due to higher than expected tax revenue
Latest RBNZ figures show non-performing housing loans increased $136 million in April to over $1.9 billion and are up 72% in the past 12 months
4th Jun 24, 2:54pm
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Latest RBNZ figures show non-performing housing loans increased $136 million in April to over $1.9 billion and are up 72% in the past 12 months
Fletcher Building extends some of its loan terms and negotiates a higher debt ceiling - should this be necessary
4th Jun 24, 9:44am
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Fletcher Building extends some of its loan terms and negotiates a higher debt ceiling - should this be necessary
The Reserve Bank could have a fairly lengthy selling job to build public understanding of and trust in its proposed central bank digital currency
30th May 24, 5:00am
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The Reserve Bank could have a fairly lengthy selling job to build public understanding of and trust in its proposed central bank digital currency
ANZ economists say their latest Business Outlook Survey 'makes for grim reading' but is encouraging for the Reserve Bank in its inflation battle
29th May 24, 1:23pm
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ANZ economists say their latest Business Outlook Survey 'makes for grim reading' but is encouraging for the Reserve Bank in its inflation battle
Fonterra's picking a slightly higher milk price for the coming season, while increasing its earnings forecast for the current financial year; says 'high volume of interest' in potential sale of consumer brands
29th May 24, 9:12am
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Fonterra's picking a slightly higher milk price for the coming season, while increasing its earnings forecast for the current financial year; says 'high volume of interest' in potential sale of consumer brands
Latest Reserve Bank mortgage figures show while housing investors are not exactly piling back into the market, they are at least starting to sit up and pay attention
28th May 24, 4:07pm
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Latest Reserve Bank mortgage figures show while housing investors are not exactly piling back into the market, they are at least starting to sit up and pay attention
Reserve Bank says banks will have to comply with the new DTI rules from July 1, while loan to value ratio restriction easing will also be applied from the same date
28th May 24, 10:58am
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Reserve Bank says banks will have to comply with the new DTI rules from July 1, while loan to value ratio restriction easing will also be applied from the same date
[updated]
Stats NZ figures show that seasonally adjusted retail sales by volume increased by 0.5% in the March quarter, but the figures were down 2.4% on the volumes recorded for the same quarter in 2023
23rd May 24, 12:16pm
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Stats NZ figures show that seasonally adjusted retail sales by volume increased by 0.5% in the March quarter, but the figures were down 2.4% on the volumes recorded for the same quarter in 2023
BNZ economists now expect house prices to rise just 2% in 2024, down from an earlier forecast of 5% and say even the latest lower forecast has 'downside risk'
23rd May 24, 11:16am
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BNZ economists now expect house prices to rise just 2% in 2024, down from an earlier forecast of 5% and say even the latest lower forecast has 'downside risk'
[updated]
RBNZ leaves Official Cash Rate at 5.5%, but says domestic inflation is slow to fall and now puts a 60% chance of a further OCR hike by the end of this year; now doesn't see inflation getting back under 3% till the fourth quarter of the year
22nd May 24, 2:20pm
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RBNZ leaves Official Cash Rate at 5.5%, but says domestic inflation is slow to fall and now puts a 60% chance of a further OCR hike by the end of this year; now doesn't see inflation getting back under 3% till the fourth quarter of the year
David Hargreaves fully understands why Fonterra's looking to take the money and exit the consumer business. But such a sale is going to leave a very empty feeling
21st May 24, 10:15am
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David Hargreaves fully understands why Fonterra's looking to take the money and exit the consumer business. But such a sale is going to leave a very empty feeling
The latest quarterly Household Expectations Survey for the Reserve Bank finds households still expect inflation to be above the RBNZ's 1% to 3% target in two years' time
20th May 24, 3:40pm
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The latest quarterly Household Expectations Survey for the Reserve Bank finds households still expect inflation to be above the RBNZ's 1% to 3% target in two years' time
Forsyth Barr analysts think Fonterra's consumer business might fetch about $3 billion with the potential for 'material capital returns' to shareholders
20th May 24, 11:34am
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Forsyth Barr analysts think Fonterra's consumer business might fetch about $3 billion with the potential for 'material capital returns' to shareholders
Everyone wants to know when the RBNZ will cut the OCR, but the central bank's likely to want to give as few clues as possible at its latest OCR review in the coming week
19th May 24, 6:01am
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Everyone wants to know when the RBNZ will cut the OCR, but the central bank's likely to want to give as few clues as possible at its latest OCR review in the coming week
Latest quarterly Reserve Bank figures show ahead of the imminent introduction of debt to income restrictions (DTIs) the numbers of new loans on high DTIs are well below the proposed limits
16th May 24, 2:38pm
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Latest quarterly Reserve Bank figures show ahead of the imminent introduction of debt to income restrictions (DTIs) the numbers of new loans on high DTIs are well below the proposed limits
In a surprising announcement, dairy giant Fonterra plans to divest its consumer business, along with operations in Australia and Sri Lanka
16th May 24, 9:35am
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In a surprising announcement, dairy giant Fonterra plans to divest its consumer business, along with operations in Australia and Sri Lanka
After a Fletcher Building update with 'few redeeming features' analysts see a risk that the company's net debt 'moves up' in the first half of the next financial year
15th May 24, 10:01am
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After a Fletcher Building update with 'few redeeming features' analysts see a risk that the company's net debt 'moves up' in the first half of the next financial year
Stats NZ figures show retail card spending fell for the third consecutive month on a seasonally adjusted basis
14th May 24, 11:55am
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Stats NZ figures show retail card spending fell for the third consecutive month on a seasonally adjusted basis
Influential RBNZ survey shows another decisive drop in the expectation of future levels of inflation in a result that will give the RBNZ comfort ahead of its Official Cash Rate decision next week
13th May 24, 3:41pm
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Influential RBNZ survey shows another decisive drop in the expectation of future levels of inflation in a result that will give the RBNZ comfort ahead of its Official Cash Rate decision next week
Statistics NZ says food prices rose 0.6% in April, while international airfares surged 7.2% and rentals continued to rise strongly
13th May 24, 11:29am
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Statistics NZ says food prices rose 0.6% in April, while international airfares surged 7.2% and rentals continued to rise strongly
Fletcher Building is warning that profits for the year to June could be as much as $140 million lower than it forecast less than three months ago
13th May 24, 10:08am
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Fletcher Building is warning that profits for the year to June could be as much as $140 million lower than it forecast less than three months ago
Admin data - already collected by government agencies - is 'the future for census', Stats NZ says; traditional census collection models with a large-scale field workforce 'are becoming unsustainable'
8th May 24, 2:35pm
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Admin data - already collected by government agencies - is 'the future for census', Stats NZ says; traditional census collection models with a large-scale field workforce 'are becoming unsustainable'