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David Hargreaves

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.

Member for

12 years 6 months

Latest articles

Neil Roberts has sold another 3.9 million shares in what was the country's first peer to peer lender; another sale before the end of the year; low profile Nelson investor Michael Lookman building up his stake
31st Jul 20, 3:16pm
Neil Roberts has sold another 3.9 million shares in what was the country's first peer to peer lender; another sale before the end of the year; low profile Nelson investor Michael Lookman building up his stake
'Buy now pay later' company Laybuy is moving aggressively in the UK even as it readies to list on the Australian sharemarket
30th Jul 20, 3:15pm
'Buy now pay later' company Laybuy is moving aggressively in the UK even as it readies to list on the Australian sharemarket
ANZ Business Outlook for the full month of July shows slightly weaker readings than earlier in the month - but still better than for June
30th Jul 20, 1:12pm
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ANZ Business Outlook for the full month of July shows slightly weaker readings than earlier in the month - but still better than for June
David Hargreaves says the recent buyer trends in housing may just represent the way the market should look when freed from the distortions visited by the Reserve Bank's LVR rules
29th Jul 20, 1:52pm
37
David Hargreaves says the recent buyer trends in housing may just represent the way the market should look when freed from the distortions visited by the Reserve Bank's LVR rules
A new weekly data series from the Reserve Bank is giving extensive information on bank customer lending flows going back to the start of the lockdown
28th Jul 20, 11:48am
17
A new weekly data series from the Reserve Bank is giving extensive information on bank customer lending flows going back to the start of the lockdown
People borrowing to buy their first homes outstripped the amount of money borrowed by investors during the last month
27th Jul 20, 11:22am
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People borrowing to buy their first homes outstripped the amount of money borrowed by investors during the last month
David Hargreaves fears valuable time will be lost as the political parties now prioritise petty electioneering over long term strategies to deal with Covid-19 and its economic effects
26th Jul 20, 6:02am
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David Hargreaves fears valuable time will be lost as the political parties now prioritise petty electioneering over long term strategies to deal with Covid-19 and its economic effects
Recent global auction results are offering economists encouragement that Fonterra will be able to achieve a return to farmers in the 2020/21 season at the upper end of the co-operative's forecast
22nd Jul 20, 2:42pm
7
Recent global auction results are offering economists encouragement that Fonterra will be able to achieve a return to farmers in the 2020/21 season at the upper end of the co-operative's forecast
Latest figures from the Reserve Bank show that credit card spending and amounts outstanding are both rising again - but are still below levels seen a year ago
21st Jul 20, 3:33pm
7
Latest figures from the Reserve Bank show that credit card spending and amounts outstanding are both rising again - but are still below levels seen a year ago
ANZ economists now say the downturn in the housing market will come later - at the end of this year and into next
21st Jul 20, 2:56pm
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ANZ economists now say the downturn in the housing market will come later - at the end of this year and into next
David Hargreaves is pleased the Government has decided to hold aside most of its designated pandemic money till after the election
21st Jul 20, 2:05pm
6
David Hargreaves is pleased the Government has decided to hold aside most of its designated pandemic money till after the election
David Hargreaves hopes the banks won't be too guarded with their lending because of preconceived expectations of what will happen with the economy - rather than just seeing what does happen
19th Jul 20, 6:02am
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David Hargreaves hopes the banks won't be too guarded with their lending because of preconceived expectations of what will happen with the economy - rather than just seeing what does happen
New report from ratings agency S&P Global Ratings says most Asia-Pacific financial institutions will 'show a multi-fold rise in credit losses and sharp drop in earnings' in the next two to three years due to Covid-19
16th Jul 20, 1:37pm
2
New report from ratings agency S&P Global Ratings says most Asia-Pacific financial institutions will 'show a multi-fold rise in credit losses and sharp drop in earnings' in the next two to three years due to Covid-19
Economists see the Reserve Bank having to do much more in future with its quantitative easing programme after inflation dropped 0.5% in the June quarter
16th Jul 20, 11:00am
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Economists see the Reserve Bank having to do much more in future with its quantitative easing programme after inflation dropped 0.5% in the June quarter
The country's banks report that both demand and availability for credit over the next six months are set to be sharply down, with things looking particularly tough in the commercial property sector
15th Jul 20, 1:06pm
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The country's banks report that both demand and availability for credit over the next six months are set to be sharply down, with things looking particularly tough in the commercial property sector
Plunging fuel prices have contributed to inflation falling off a cliff and reverting from an eight year annual high to possibly a near-22-year quarterly low
14th Jul 20, 11:09am
22
Plunging fuel prices have contributed to inflation falling off a cliff and reverting from an eight year annual high to possibly a near-22-year quarterly low
Westpac economists say it now looks like our economic downturn will be 'at the more moderate end of expectations'
13th Jul 20, 12:42pm
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Westpac economists say it now looks like our economic downturn will be 'at the more moderate end of expectations'
ANZ economists say it is 'possible but unlikely' a negative Official Cash Rate might be employed next year if the economic outlook became bad enough
9th Jul 20, 2:51pm
9
ANZ economists say it is 'possible but unlikely' a negative Official Cash Rate might be employed next year if the economic outlook became bad enough
Preliminary July data for the ANZ Business Outlook has shown a much stronger lift in economic activity than economists have been forecasting - inevitably raising questions of whether the improved mood will last
9th Jul 20, 1:21pm
15
Preliminary July data for the ANZ Business Outlook has shown a much stronger lift in economic activity than economists have been forecasting - inevitably raising questions of whether the improved mood will last
The Warehouse Group has enjoyed strong trading so far since lockdown but is warning of likely need for asset writedowns and is still not prepared to give any profit guidance for the financial year ending this month
9th Jul 20, 11:38am
18
The Warehouse Group has enjoyed strong trading so far since lockdown but is warning of likely need for asset writedowns and is still not prepared to give any profit guidance for the financial year ending this month
About 1000 jobs on the line in Southland as Rio Tinto gives notice to Meridian Energy that it is closing its smelter
9th Jul 20, 8:32am
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About 1000 jobs on the line in Southland as Rio Tinto gives notice to Meridian Energy that it is closing its smelter
NZIER economists say we need to build a home-grown workforce that is fit for purpose rather than focusing on short-term objectives that might lead to pressure to bring in migrants quickly
8th Jul 20, 2:14pm
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NZIER economists say we need to build a home-grown workforce that is fit for purpose rather than focusing on short-term objectives that might lead to pressure to bring in migrants quickly
Immigration Minister Iain Lees-Galloway says a planned 1600 rise in numbers of migrant seasonal workers next year won't now go ahead as 'more New Zealanders will be available to do this work'
8th Jul 20, 12:09pm
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Immigration Minister Iain Lees-Galloway says a planned 1600 rise in numbers of migrant seasonal workers next year won't now go ahead as 'more New Zealanders will be available to do this work'
Government extends for six months temporary work visas for 16,500 workers due to expire at the end of this year; stand-down period shifted by six months for 600 workers
7th Jul 20, 3:15pm
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Government extends for six months temporary work visas for 16,500 workers due to expire at the end of this year; stand-down period shifted by six months for 600 workers
Research by NZ Retail finds over half of retailers reported better business in June compared with a year ago but over a quarter fared worse; 6000 jobs seen as going over next three months
7th Jul 20, 2:45pm
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Research by NZ Retail finds over half of retailers reported better business in June compared with a year ago but over a quarter fared worse; 6000 jobs seen as going over next three months