AGP Executive Report
Last update: 9 hours agoHousing & Rates: ANZ flags election-driven uncertainty for landlords and investors, with sales volumes down 6% year-on-year as mortgage rates rise, but supply still outpacing demand and keeping price pressure in check; it expects the Reserve Bank to lift the OCR from 2.5% toward a neutral ~3%. Market Watch: NZX 50 ended Friday down 0.5% and the week down 0.5%, with Microsoft’s AI-cloud boost lifting sentiment globally while local heavy selling weighed on the index. Consumer Mood: A new tracker says cost-of-living pressure is still widespread, with stress, frustration and anxiety rising and optimism hitting the lowest since the survey began. Fintech Leadership: Centrapay appoints BNZ technology leader Tim Wixon as CEO, aiming to grow its payments and fintech ecosystem. Energy Policy: The Ministry for Regulation recommends legalising plug-in solar and speeding approvals, including faster sign-off targets for small and medium systems. Corporate Moves: Spark will restructure into Connectivity and Digital Services, with a strategic review of Digital Services that could lead to a transaction. Banking Deal: HSBC agrees to sell its A$36b Australian home and personal loan book to Blackstone, with a small pre-tax loss expected and a wind-down of the remaining retail business. Appointments: Infometrics names Gareth Kiernan acting managing director as Brad Olsen steps back to focus on principal economics. Retail Revival: Smiths City will relaunch under new Kiwi owners after liquidation.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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