Software stocks have taken a dive, and it's prompted concern among economists.

This follows a difficult month for the sector, with many of them seeing their shares drop by 40 percent as a result of AI.

Milford Asset Management's Michael Luke explained further.

LISTEN ABOVE

 

Software stocks have taken a dive, and it's prompted concern among economists.
This follows a difficult month for the sector, with many of them seeing their shares drop by 40 percent as a result of AI.
Milford Asset Management's Michael Luke explained further.
LISTEN ABOVE
&nbsp;

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Michael Luke: Milford Asset Management expert on software stocks plunging

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/77cde85c-6497-4f37-9554-b3e700744df3/transcript

Belief from an Invercargill City Councillor the city doesn't need to rebuild its clock tower.

The council plans to spend two million dollars on the renovation work in Wachner Place.

Councillor Ian Pottinger says he believes the money could be spent on other things.

He told Heather du Plessis-Allan that the money could go to a local high school which wants improved road safety.

Pottinger says councillors were told they don't have money in the bank for that work, and would need to go and find funding.

LISTEN ABOVE

Belief from an Invercargill City Councillor the city doesn't need to rebuild its clock tower.
The council plans to spend two million dollars on the renovation work in Wachner Place.
Councillor Ian Pottinger says he believes the money could be spent on other things.
He told Heather du Plessis-Allan that the money could go to a local high school which wants improved road safety.
Pottinger says councillors were told they don't have money in the bank for that work, and would need to go and find funding.
LISTEN ABOVE

Ian Pottinger: Invercargill City Councillor says $2m clocktower renovation is unnecessary

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/930860be-2bb3-4790-9d2d-b3e80057df8c/transcript

Revelations Wellington's wastewater treatment plant has been non compliant almost every month for the last two years - after a huge failure yesterday.

Heavy rain flooded the Moa Point plant's lower floors, causing it to shut down and millions of litres of sewage to pour into the ocean.

Wellington Water Chair Nick Leggett told Heather du Plessis-Allan that there's going to have to be significant money spent on Wellington's plants from now on.

He says they haven't had the investment over many years that's needed to keep them up to scratch.

LISTEN ABOVE

Revelations Wellington's wastewater treatment plant has been non compliant almost every month for the last two years - after a huge failure yesterday.
Heavy rain flooded the Moa Point plant's lower floors, causing it to shut down and millions of litres of sewage to pour into the ocean.
Wellington Water Chair Nick Leggett told Heather du Plessis-Allan that there's going to have to be significant money spent on Wellington's plants from now on.
He says they haven't had the investment over many years that's needed to keep them up to scratch.
LISTEN ABOVE

Nick Leggett: Wellington Water Chair comments on Wastewater plant missing compliance monthly for past two years

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/49bf11d3-a390-412a-b36a-b3e80052b285/transcript

A higher level of security's been seen at Waitangi this year. 

Protestors and hecklers have made their presence known, but the increased security presence has deterred larger gatherings.

Political Reporter Ethan Griffiths told Heather du Plessis-Allan that there's a larger quantity of people with diplomatic protection, as well as Police at the grounds and around Paihia. 

He said that police-operated drones have been seen, as well as officers checking for any suspicious devices under cars. 

LISTEN ABOVE

A higher level of security's been seen at Waitangi this year.&nbsp;
Protestors and hecklers have made their presence known, but the increased security presence has deterred larger gatherings.
Political Reporter Ethan Griffiths told Heather du Plessis-Allan that there's a larger quantity of people with diplomatic protection, as well as Police at the grounds and around Paihia.&nbsp;
He said that police-operated drones have been seen, as well as officers checking for any suspicious devices under cars.&nbsp;
LISTEN ABOVE

Ethan Griffiths: Political Reporter at Waitangi says a higher level of security is present at the event

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/131a4a15-9734-48fd-92ea-b3e8004d3ed7/transcript

Michael Luke: Milford Asset Management expert on software stocks plunging

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