ANALYSIS: Fletcher running at near pre-covid levels but expects deterioration
By Jenny Ruth | Wed, 12 Aug 2020
Fletcher Building had a "solid" July and is currently operating at 90 percent to 95 percent of pre-covid levels. But trading is likely to deteriorate as government subsidies roll off and job losses...
Ports of Auckland gets sign-off for deeper shipping lane
By Brent Melville | Tue, 11 Aug 2020
Auckland Council has granted consent for Ports of Auckland to deepen its Rangitoto shipping channel to cater for larger ships despite vocal opposition to the plan. The port notified its consent app...
Vital Healthcare's assets defensive in a pandemic
By Jenny Ruth | Tue, 11 Aug 2020
Vital Healthcare Property Trust isn't entirely immune from covid-19 but, as its manager pointed out in releasing the trust's annual results, its properties are very defensive assets in an environment...
Value of Vital Healthcare's properties up 13.6% despite covid-19
By Jenny Ruth | Mon, 10 Aug 2020
The value of Vital Healthcare Property Trust's properties rose 13.6 percent in the latest year, despite the coronavirus pandemic. However, the $45.7 million gain in value was less than half last ye...
Case for closing Taranaki plant 'accelerating' - Contact
By Gavin Evans | Mon, 10 Aug 2020
Rising gas and carbon costs are “accelerating the case” for replacing Contact Energy’s biggest gas-fired power station with renewables, the company said. But the company notes that a "clearer pictu...
No plan to restore smelter production - Rio Tinto
By Staff reporters | Fri, 07 Aug 2020
The Tiwai Point aluminium smelter has no plans to restart a production line shut earlier this year.Line four, which typically contributes about 9 percent of the site’s total production, was shut...
Hydrogen truck stops to start next year
By Gavin Evans | Fri, 07 Aug 2020
The country’s first hydrogen truck stops could be operating mid-2021 after the government committed $20 million toward the $69 million project.The investment will help fund construction of eight...