Queenstown is in the middle of a ‘‘perfect storm'' of housing
supply and demand, posting one of the largest annual
increases in property values across the country.
First-quarter employment data appear strong but suggest spare
capacity in the labour market is not yet a thing of the past.
Portable measurement device manufacturer IkeGPS has bought
forward its break-even forecast to the end of next year and
is considering a listing and capital raising on the
tech-heavy Nasdaq board, of the New York Stock Exchange.
Air New Zealand has cautioned brokers its 2017 earnings,
which include a decline on foreign exchange earnings, will
not match those of 2016.
Farmlands will not return a rebate to farmers this year amid
tough conditions in the rural sector.
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