Tower sees hit from Cyclone Harold, Timaru hailstorm
Tower said it expects to book large claim expenses of between $10.5 million and $12.5 million from Cyclone Harold in the Pacific and the Timaru hailstorm.That’s $2.5 million-to-$4.5 million more than the $8 million built into Tower’s guidance for underlying profit of $27 million...
Bathurst to resume mining at Stockton
Bathurst Resources will resume operations at its Stockton export mine, with social distancing measures and reduced staff on site, once alert-level 3 takes effect next Tuesday.Stockton will have lost just over four weeks of production but Bathurst said it is in a “good position” t...
Cavalier to restart manufacturing
Cavalier Corp will begin opening its manufacturing operations in Auckland, Napier and Wanganui after level 4 restrictions are lifted next TuesdayThe wool carpetmaker said March and April trading was impacted by the covid–19 outbreak, and led to cost-cutting to insulate the busine...
Restaurant Brands first quarter sales rise 5.3%
Restaurant Brands New Zealand’s first-quarter sales rose 5.3 percent to $200.1 million.New Zealand sales were $98 million, down 1.5 percent as a result of the government-mandated store closures. On a same-store basis, sales increased 1.7 percent.KFC, Carl’s Jr. and Taco bell all...
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