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
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
18
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
6
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
15
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
106
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
46
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
90
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
14
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
58
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
21
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
41
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
48
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
17
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'
Latest Reserve Bank figures show over half the mortgage money taken up in March was for either a one-year or shorter fixed rate term
7th May 24, 3:57pm
20
Latest Reserve Bank figures show over half the mortgage money taken up in March was for either a one-year or shorter fixed rate term
Kiwibank economists say as migrants send some portion of their wages back to their home countries this suggests weaker local consumption than otherwise
6th May 24, 12:23pm
41
Kiwibank economists say as migrants send some portion of their wages back to their home countries this suggests weaker local consumption than otherwise
RBNZ figures show further rises in troubled housing loans, while SME loan stress is increasing sharply, non-performing commercial property loans have gone past half a billion dollars and system-wide non-performing loans have topped $4 billion
2nd Apr 24, 6:21pm
97
RBNZ figures show further rises in troubled housing loans, while SME loan stress is increasing sharply, non-performing commercial property loans have gone past half a billion dollars and system-wide non-performing loans have topped $4 billion
ANZ economists say the recent published drop in GDP data 'seems to have given things a decent shunt south' in respect to business confidence
28th Mar 24, 1:23pm
49
ANZ economists say the recent published drop in GDP data 'seems to have given things a decent shunt south' in respect to business confidence
ANZ-Roy Morgan consumer confidence survey shows a sharp fall with sentiment 'likely affected by recession headlines'
28th Mar 24, 10:46am
23
ANZ-Roy Morgan consumer confidence survey shows a sharp fall with sentiment 'likely affected by recession headlines'
Highly experienced Australian investment industry executive Jo Townsend is set to take the reins of NZ's $70 billion Super Fund from next month
27th Mar 24, 11:25am
3
Highly experienced Australian investment industry executive Jo Townsend is set to take the reins of NZ's $70 billion Super Fund from next month
David Hargreaves suggests it's time we looked purely at the number of migrant arrivals - rather than 'netting off' the figures against departures
27th Mar 24, 7:41am
122
David Hargreaves suggests it's time we looked purely at the number of migrant arrivals - rather than 'netting off' the figures against departures
Latest mortgage figures from the Reserve Bank show that for February there was a seasonally-adjusted rise of 4% in borrowing, while the latest figures are up some 28% on the dire February 2023 figures
26th Mar 24, 3:54pm
39
Latest mortgage figures from the Reserve Bank show that for February there was a seasonally-adjusted rise of 4% in borrowing, while the latest figures are up some 28% on the dire February 2023 figures
Dairy giant Fonterra has paid its shareholder farmers a 15c interim dividend and now narrowed its forecast milk price range - although the 'midpoint' for this is still $7.80
21st Mar 24, 9:44am
6
Dairy giant Fonterra has paid its shareholder farmers a 15c interim dividend and now narrowed its forecast milk price range - although the 'midpoint' for this is still $7.80
A review of things you need to know before you sign off on Wednesday; A mortgage tweak, the somewhat less-squeezed middle, The Warehouse struggles, building consent delays targeted, swaps down, NZD still drifting, & more
20th Mar 24, 3:59pm
100
A review of things you need to know before you sign off on Wednesday; A mortgage tweak, the somewhat less-squeezed middle, The Warehouse struggles, building consent delays targeted, swaps down, NZD still drifting, & more
A review of things you need to know before you sign off on Tuesday; SBS ends six-month TD 6.5% special, Westpac's online gambling block, Kathmandu sales slump, hybrid tweak for road user charges, swaps static, NZD drifts, & more
19th Mar 24, 3:59pm
53
A review of things you need to know before you sign off on Tuesday; SBS ends six-month TD 6.5% special, Westpac's online gambling block, Kathmandu sales slump, hybrid tweak for road user charges, swaps static, NZD drifts, & more
A review of things you need to know before you sign off on Monday; TD ups and downs for Kiwibank, limp auction market still, services in expansion mode, housing market 'primed for takeoff', swaps up, NZD marks time & more
18th Mar 24, 3:59pm
41
A review of things you need to know before you sign off on Monday; TD ups and downs for Kiwibank, limp auction market still, services in expansion mode, housing market 'primed for takeoff', swaps up, NZD marks time & more
GDP figures out in the coming week might be, in the words of one economist, 'as flat as a pancake', - but this of course is in a country that grew its population by 2.8% last year, meaning many more hands are producing only exactly the same outcome
17th Mar 24, 6:01am
59
GDP figures out in the coming week might be, in the words of one economist, 'as flat as a pancake', - but this of course is in a country that grew its population by 2.8% last year, meaning many more hands are producing only exactly the same outcome