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SkyCity shares hit 7-week low as fire engulfs convention centre
SkyCity Entertainment Group shares dropped to a seven-week low in a knee-jerk reaction to news of a major fire at the already-delayed building site for the international convention centre. The stock fell as low as $3.82 after headlines started to emerge at 1.10pm, and was recentl...
Property
Fletcher in $31 mln dispute with ministry over Greymouth hospital
Fletcher Building is in a $31 million contractual dispute with the Ministry of Health over the unfinished, overbudget $77.8 million Grey Base hospital in Greymouth. The NZX-listed construction company won’t talk about the dispute “due to the confidentiality requirements of ou...
Property
Risk frameworks need 'fundamental rethink' to cope with climate change
New Zealand’s risk and resilience frameworks need a “fundamental rethink” if communities are going to adapt to the greater potential risks arising from climate change, Local Government New Zealand says. The country is a collection of seaside communities and they have to be bet...
Property
Retentions law reform in sight as Stanley-Tallwood liquidator plans director deal
The liquidator for Stanley Group, Tallwood Holdings and associated companies wants to cut a deal with its directors and get them to pay subbies to make up for the lack of retentions held. And as he does so, the building and construction minster Jenny Salesa says she will soon...
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