Infrastructure

Coronavirus temporarily halts Heritage Lifecare's growth ambitions

Jenny Ruth
Tue, 15 Sep 2020

HLL Holdco, which owns Heritage Lifecare, is concentrating on consolidating its existing businesses while dealing with the coronavirus crisis and is putting growth-by-acquisition on hold in the meantime, managing director Norah Barlow said. The company, which is owned by Australian private equity firm Adamantem Capital, has just reported a $16.7 million net loss for the year ended March 31, reflecting the impact on goodwill of the government's move to bring back depreciation on commercial buildings. The operating profit from HLL's care ho...

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Markets

MARKET CLOSE: Kiwi falls on economic concern

Dan Brunskill | Thu, 24 Sep 2020

The kiwi dollar sank to its lowest level since late August as the safe-haven US currency continued to attract buying amid a sustained equity sell-off due to fears of recession.

Policy

ELECTION 2020: Scared or excited about a Labour-Green govt?

Paul McBeth | Thu, 24 Sep 2020

Finance professionals have grown comfortable with Grant Robertson over the past three years. Will a new governing arrangement change that?

Law & Regulation

The FMA is running out of patience

Dan Brunskill | Thu, 24 Sep 2020

Financial services firms that keep failing compliance tests can expect to end up in court, says the FMA boss, Rob Everett.

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