Summerset shares fall as Napier village evacuates twice

Summerset shares fall as Napier village evacuates twice
Summerset Palms at Te Awa is promoted as luxury retirement living. (Image: Summerset)
Ella Somers
Cyclone Gabrielle has forced aged-care provider Summerset Holdings to evacuate its Te Awa village in Napier twice in the past 24 hours.Summerset Holdings said residents from Summerset Palms had to evacuate the village in Te Awa last night and this morning on the advice of Civil Defence. “While it appears their homes are safe and dry, currently the flooding around the village has meant it’s not safe to stay there,” head of communications Logan Mudge said.Residents are either going to evacuation centres or staying with fami...

More Markets

NZME down 2.7% as Trump keeps markets jittery
Markets Market Close

NZME down 2.7% as Trump keeps markets jittery

The S&P/NZX 50 fell 0.79% to 12,011.34 on Tuesday.

Eroad plays down US tariff impacts, eyes possible manufacturing shifts
Markets

Eroad plays down US tariff impacts, eyes possible manufacturing shifts

The telematics company uses contract manufacturers in Southeast Asia.

NZME director David Gibson resigns
Markets

NZME director David Gibson resigns

Gibson's resignation is effective from Tuesday.

Ebos' cash raise reflects healthy M&A pipeline: analysts
Markets

Ebos' cash raise reflects healthy M&A pipeline: analysts

Acquisition of SVS Veterinary Supplies won't move the needle but is solid.