Business
Infrastructure
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BUDGET 2020: State house building programme more than doubled
The Budget includes funding for 8,000 new state-owned houses, more than doubling the current programme to build 6,400 homes for both residential and transitional housing for homeless people. The house-building programme will be delivered buy state housing agency Kainga Ora, an...
Infrastructure
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BUDGET 2020: Just $3b for ‘shovel-ready’ projects
The Budget’s promise of a wave of investment in new “shovel-ready” projects is far smaller than the bidders behind $136 billion of aspiring projects would have wished for.At $3 billion, the total set aside for projects that can be started in the next year is even smaller than the...
Services
Abano raises earnings guidance
Abano Healthcare Group said 2020 operating earnings may be up to $3 million higher than forecast as it starts to reopen dental practices.In New Zealand, restrictions have eased following the move to level 2 and in Australia the relaxation announced last week is now taking effect....
Retail
Stuff exits fibre, electricity investments
Stuff has sold its fledgling broadband business, Stuff Fibre, to Australian-owned telco Vocus and confirmed the sale of its stake in power retailer Energyclubnz to management as it turns its attention back to its core businesses.The media group has been the subject of an on-again...
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