Herd migration starts into NZ's tallest office building
Businesses forced to extend their current lease arrangements in the wake of construction delays at Auckland’s new PwC Tower at Commercial Bay will start migrating into the 39-level marquee office development this week. Monday is moving day for anchor tenant PwC - whose 900 sta...
Silver Fern repays wage subsidy, declares $12.4m dividend
Silver Fern Farms, the country's largest red meat company, has paid back its $43.3 million covid-19 employee wage subsidy to government and declared a dividend to the shareholder cooperative of $12.4 million. The payments come on the back of the $70.7 million net profit the co...
Covid returnees occupied 40% of Auckland hotel rooms in June
Mandatory isolation and quarantine for returning nationals proved a bonanza for hotels, with those granted entry accounting for almost 40 percent of Auckland's accommodation bookings in June. The government has also booked an estimated 31 percent of all Christchurch rooms, 20...
Cavalier moves ahead with woolly strategy
Cavalier Corp said a positive trading period in June and cost controls helped it reduce bank debt to historical lows of $14.5 million and that it was shifting to an all-natural fibres strategy. In a market update, the wool and carpet company said stock levels had decreased "s...
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