AGP Executive Report
Last update: 20 minutes agoManufacturing: Muri Capital’s last-minute purchase of Candida Stationery has saved the Auckland envelope maker from closure and preserved dozens of jobs. But Juken New Zealand is consulting workers over a sale or closure of its Kaitāia Triboard Mill, putting 157 jobs at risk by March. Company results: Aged-care operator Radius lifted first-half profit to $8 million from $6.3m a year earlier and expects a stronger second half. ANZ’s annual profit, meanwhile, fell from last year’s record. Markets and lending: The NZX 50 reached a record as technology shares rose and oil prices fell. Westpac will factor flood and slip risks into mortgage decisions, with lending limits on some hazard-prone homes. Economic outlook: Retail spending remains subdued, employment has weakened again and housing values fell across most of the country in October. Business leaders say election uncertainty is adding to the strain and want coalition talks resolved quickly. Auckland transport: Consultation is open on time-of-use charges that could ease congestion and improve freight reliability, with proposed fees ranging from $2 to $7.
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