The great repricing could be more painful than it sounds

The mispricing of assets has been a long time in the making. (Image: Annie Spratt/Unsplash)

Mon, 08 May 2023

On a now-seemingly typical morning of torrential rain in Auckland, Tony Lusby is at the high court trying to stave off a liquidation.“I come today to plead with the court to give me more time.”Lusby is waiting on $188,000 from a client for a flooring job. He needs this money to pay Carters but, according to his story, the client hasn’t paid up. He told the court Carters had refused him a payment plan so now he was hoping the extra time would be enough for him to chase up the money he was owed.Lusby has turned up at court...

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Property

Developer Kurt Gibbons buys Ryman’s Newtown site

The land was formerly the site of Wellington's Tip Top bread factory.

Gregor Thompson 10:30am

The Quiz Free

QuiznessDesk: Thursday, Oct 31

One Night in Bangkok was a hit song from what musical?By inserting an extra letter, what word meaning a small group of trees can be changed to one meaning a dead body?State Highway 2 between Gisborne and Opotiki passes through what gorge?What was the nickname of a 1940s Hollywood...

The Quizmaster 9:15am