Business news you need to know

House sale data is due out today from both Quotable Value and Barfoot & Thompson.
House sale data is due out today from both Quotable Value and Barfoot & Thompson.

What's about to make news in the world of business, finance and economics today?

1. Where have house values been rising and falling lately, and what areas showed the biggest changes? Values appeared to soften towards the end of last year and start of this year, then kick off again lately. Quotable Value is due to release its latest data at midday today, giving results for part of the busy summer trading period. QV is the measure The Economist uses when it reveals what's going on with New Zealand housing, so this authoritative data should give some clarity and insights into what can be a confusing array of information from the sector.

2. Labour market statistics will be released at 10.45am, showing activity in the first quarter of this year, or the three months to the end of March.

3. Petroleum business The New Zealand Refining Company will hold its annual meeting in Auckland at midday today, at the Pullman Hotel on the corner of Waterloo Quadrant and Princes Street.

The company, which started operations in 1963, operates the Marsden Point oil refinery and in the late 1980s completed a $1.8 billion expansion programme. Income is earned from processing fees charged to oil company users, and Government controls over these fees were removed when the oil industry was deregulated in 1988.

4. The ANZ commodity price index is due out for April.

5. The 15th annual corporate insolvency and restructuring conference opens at the Pullman in Auckland.

6. City Sales holds its fortnightly apartment auction today in the centre of Auckland. Results from that give a good gauge of where the sector is heading: important for investors, buyers, sellers and those watching from the sidelines.

7. Real estate data from Barfoot & Thompson is out this morning. This will show sales prices and volumes from Auckland's largest realtors and is a good gauge of what's going on in the market.

- NZ Herald

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