Business
Property
Summerset plans $290 million investment in two new villages
By Paul McBeth June 4 (BusinessDesk) - Summerset Group has bought land to build two new retirement villages, and expects to invest about $290 million developing the sites. The retirement village operator and developer bought an 11-hectare site in Whangarei and an eight-hec...
Primary Sector
Climate change burden, benefits must be spread fairly
By Gavin Evans June 4 (BusinessDesk) - Setting stringent climate change targets without understanding their cost or feasibility risks placing an unfair burden on some sectors, climate change professor David Frame says. Moving New Zealand to a net-zero carbon economy will ha...
Infrastructure
Chorus suspends Clearvision from working on UFB network
By Rebecca Howard May 31 (BusinessDesk) - Chorus has suspended subcontractor Clearvision Communications from working on its ultrafast broadband network after the Employment Relations Authority found several breaches of employment standards. “Given the authority’s determin...
Infrastructure
WEL doubles full-year profit on strong power, fibre connection growth
By Gavin Evans May 31 (BusinessDesk) - WEL Networks more than doubled its full-year profit as expansion of its fibre business boosted revenue and growth in the Waikato region increased residential connections and commercial volumes. Net income rose to $31.5 million in the y...
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