– Fewer Auckland houses are selling at auction, total sales were down 7.1 percent in November against October, and homes worth less than $500,000 are selling more slowly, says Auckland real estate agent Barfoot & Thompson. However, managing director Peter Thompson says these trends are not enough to say the Reserve Bank’s lending restrictions on highly leveraged borrowers are having …

NZX cash trading volumes soared in November, the 15th straight monthly gain, in a period that included the stock exchange’s biggest ever trading day accounting for almost a fifth of monthly turnover. The total number of trades rose to 141,143 in November from 114,334 in October, and was up 75 percent from the same month a year earlier, according to …

Shares of partially privatised power company MightyRiverPower dropped below $2 for the first time since listing at $2.50 in May, as Finance Minister Bill English outlined reasons for cutting the government’s expected proceeds from its asset sales programme. MRP hit $1.99 in early trading on the NZX, while instalment receipts for Meridian Energy dropped to 93.5 cents, compared with their …