How much government support is Fletcher Building getting?

How much government support is Fletcher Building getting?
Jenny Ruth
The amount of government support Fletcher Building is getting through the coronavirus crisis goes considerably beyond the $66.3 million in wage subsidies.Fletcher is also getting advance payments from the New Zealand Transport Agency on all its projects as part of the government's measures to ensure the construction industry faces as little disruption as possible.The government is hoping the industry and its infrastructure projects will provide much-needed economic stimulus once the lockdown ends.That could come as soon as next week if the...

More Finance

Cautious lending keeps lid on default rates – Reserve Bank
Finance

Cautious lending keeps lid on default rates – Reserve Bank

Non-performing mortgages have overtaken Covid levels.

Jem Traylen 01 May 2024
'Confirmation of payee' anti-scam measure inches closer
Finance

'Confirmation of payee' anti-scam measure inches closer

Banks are getting closer to implementing anti-scam “confirmation of payee” measures.

Dileepa Fonseka 30 Apr 2024
UBS NZ returns to profit
Finance

UBS NZ returns to profit

Operating income was up 51.8%, rising from $31.9m in 2022 to $48.5m in 2023.

Murray Jones 30 Apr 2024
Matt Whineray to chair new FirstCape Group fund manager and adviser
Finance

Matt Whineray to chair new FirstCape Group fund manager and adviser

The new entity aims to scale up advice and fund management services in NZ.

Staff reporters 23 Apr 2024