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11 April 2008

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Growth off

By Michael McCarthy (chief market strategist, CMC Markets and Stockbroking)

GDP growth eases slightly

Gross domestic product (GDP) rose 0.5 percent in the March 2018 quarter, Stats NZ said today. This followed a 0.6 percent increase in the December 2017 quarter. Growth in service industries more than offset a fall in construction activity.

Lower quartile house prices dropped in most regions in May

Housing became more affordable for first home buyers in nine regions and worsened in three last month, according to the latest Home Loan Affordability Reports.

REINZ welcomes softened stance on Overseas Investment Amendment Bill

The Real Estate Institute of New Zealand (REINZ) welcomes some of the changes proposed by the Finance and Expenditure Committee in relation to the Overseas Investment Amendment Bill but still believes that the foreign buyer ban won’t solve New Zealand’s housing affordability issues.

Living wage win for core public services shows success of campaign - CTU

The Council of Trade Unions President Richard Wagstaff congratulated Living Wage Aotearoa and the Government for moving to a living wage of at least $20.55 an hour by the first of September for all people employed in the core public service.

Investigation opened into Fulton Hogan's proposed acquisition

Investigation opened into Fulton Hogan's proposed acquisition of Stevenson Group The Commerce Commission has opened an investigation into Fulton Hogan Limited’s proposed acquisition of Stevenson Group Limited's construction materials business.

Experts provide property investment outlook

Today property and fund manager, Property Managers Group (PMG), has launched the NZ Property Thinkbook, a publication which brings together some of the best economic, investment and property minds in the country.

Consented hotel development placed on the market in mortgagee sale

The land and consented building plans for a seven-storey hotel, retail and residential complex in Central Christchurch have been placed on the market for sale under instruction from the property’s mortgagee.

Randstad urges employers to bridge NZ's 'Diversity Divide'

While diversity and inclusion are firmly on the agenda for New Zealand workplaces, 2018 Randstad Employer Brand Research reveals that less than one in two employees (46 per cent) believe that NZ businesses have successfully developed a diverse and inclusive culture.

Unite to picket Wendy's Dominion store tonight

Wendy's was given an interim injunction by the Employment Court yesterday against Unite Union to stop picketers trespassing on the company's land.

The union has disputed whether the employment court had the jurisdiction to issue such injunctions in the circumstances.

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