Millennium Copthorne’s fight for survival

Dan Brunskill
Wed, 29 Jul 2020

Millennium Copthorne has been propped up by government support and revenue from its property portfolio but says the hotel industry is still in "survival mode". Government tax credits, the wage subsidy and managed isolation contracts have been keeping the hotel operator and property investor afloat while regular revenues have dried up in the pandemic. In an emotive half-year earnings report, group chair Colin Sim and managing director BK Chiu thanked staff, shareholders and suppliers for their support during the crisis. It was hard to f...
Primary Sector
China trade fears unmatched by good alternatives: report
Pattrick Smellie | Wed, 05 Aug 2020

Fears that New Zealand is overly reliant on trading with China ignore that there are few more attractive markets for many of the country's major exports, says a report by economic consultancy Sens...

Listed Companies
SFO-directed raid complicates Spark claim
Victoria Young | Wed, 05 Aug 2020

An accused co-conspirator has complained a Serious Fraud Office-ordered raid on his home has meant he can't comply with disclosure orders in a case brought by Spark New Zealand.  The telco claims t...

Primary Sector
Farmers to get $122m in fertiliser cheques
Brent Melville | Wed, 05 Aug 2020

Fertiliser heavyweights Ballance Agri-Nutrients and Ravensdown have fought their way through the covid-19 response, kicking back rebates of $54 million and $68 million respectively to farmer-sharehold...

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Don’t fear the robots. How software can help your business succeed

New Zealand businesses are on the road to recovery from the economic impact of the Covid-19 crisis but they, like corporates around the world, are having to change their operational practices.