LVR tinkering shows Reserve Bank not immune to lobbying, NZIER says The Reserve Bank's exemption of new home building from low-equity mortgage limits, just two months after they were introduced, shows the central bank isn't immune to lobbying and highlights the lim Wed, 11 Jul 2018 EconomyReserve BankMortgagereal estatePhil TwyfordGrant SpencerGraeme Wheelermoney and monetary policycentral bankconstruction and propertyloan marketLVRs
Fletcher Building appoints Sir Ralph Norris to the board Fletcher Building, the country's biggest listed company, has appointed former Commonwealth Bank of Australia boss Sir Ralph Norris to its board as it prepares for the departure of chairman Ralph Wa Wed, 11 Jul 2018 Fletcher BuildingSir Ralph Norrisconstruction and propertybuilding materialboard of directors
Ngai Tahu follows Trustpower in quitting Ruataniwha scheme The Hawke's Bay's Ruataniwha Water Storage Scheme has been dealt another blow after the South Island's Ngai Tahu followed Trustpower in withdrawing from the irrigation project. Wed, 11 Jul 2018 construction and propertyRuataniwhaAndrew Newman
Steel and Tube expects 1H earnings to marginally improve on reviving economy Steel & Tube Holdings [NZX: STU], the steel building products firm, expects first half earnings to be "marginally ahead" of the same pe Wed, 11 Jul 2018 earnings forecaststeel & tubeconstruction and propertycommodity market
Summerset gains resource consent for $55m retirement village in New Plymouth Summerset Group Holdings [NZX: SUM], whose shares have made more than twice the NZX 50 Index's gains in the past 12 months, said it gained Wed, 11 Jul 2018 StocksretirementSummerset Groupconstruction and property
Ministry of Education pursues Carter Holt Harvey over leaky schools The New Zealand Ministry of Education will continue to pursue a leaky schools lawsuit against Carter Holt Harvey after the wood company owned by Graeme Hart's Rank Group failed in an attempt to hav Wed, 11 Jul 2018 GovernmenteducationLitigationleaky schoolsconstruction and propertybuilding materialNikki Kaye
Opus annual profit slips on rising tax, interest costs; trims dividend as debt mounts Opus International Consultants [NZX: OIC], the engineering firm with one of four mandates to lead design the Christchurch rebuild, reported Wed, 11 Jul 2018 earningsmanufacturing and engineeringfinancial statementconstruction and propertyOpus International ConsultantsDavid Prentice
Carter Holt’s Australian Building Supplies units fattens margins in 2013, reverses write-down Carter Holt Harvey, which sold its pulp, paper and packaging businesses last month, more than tripled gross margins at its Australian building supplies in 2013 and reversed write-downs it took on Wed, 11 Jul 2018 Carter Holt HarveyGraeme HartearningsBusinessDeskconstruction and propertybuilding materialBuilding Supplies Group Holdings
Mainzeal receivers recoup $28.3m from asset sales, recoveries, distribute $3.6m to liquidators Receivers for Mainzeal Property & Construction and Mainzeal Living recovered some $28.3 million from asset sales and recoveries in their first 12 months and made payments of $26.5 million, in Wed, 11 Jul 2018 MainzealBusinessDeskfinancially distressed companyconstruction and property
Mainzeal liquidation racks up $523k in legal fees as court battles drag The liquidators of the Mainzeal Group of companies have racked up $523,000 in legal fees since taking on the administration, as they face several court battles with the failed construction firm's Wed, 11 Jul 2018 BusinessDeskfinancially distressed companyconstruction and propertyrichard yanMainzeal Group
