Property
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Infrastructure
Fletcher 2020 earnings guidance shows small downside bias
Fletcher Building has signalled a small downside bias in its core operating profit forecast for the year ending June 2020. The guidance, which ranges from a 6 percent reduction to a 3 percent increase from last year, comes as its New Zealand building products businesses are on...
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Ryman's build-rate ramp-up has some analysts fretting about debt
Ryman Healthcare is ramping up its build rate after a slow few years and the capital spending that will require has some analysts fretting about how much debt the retirement village operator is taking on.Ryman built 234 new units and beds in the six months ended September and exp...
Law & Regulation
Mainzeal’s Yan loses bid to halt bankruptcy proceedings
A High Court judge has rejected Richard Yan’s attempt to fend off bankruptcy proceedings brought by the liquidators of Mainzeal. In February, Justice Francis Cooke ruled Yan and three other former directors should pay $36 million for breaching their duties before the construc...
Summerset gets green light for St Johns village, buys Canterbury land
Summerset Group says it has been given the green light by the Environment Court to build its proposed retirement village in St Johns, Auckland and that it has bought land in the Selwyn district southwest of Christchurch for a new site.The retirement village operator says there we...
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Oliver Lewis
Infrastructure Editor
Oliver Lewis won the local government reporting category at the 2023 Voyager Media Awards. He is part of our investigations unit and also covers infrastructure, housing and employment issues. Formerly with Stuff/The Press, Oliver has also written for the Guardian and North & South.
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articles by Oliver