Redundancies, resignations hit biggest group of Mitre 10 Mega stores
'We needed to realign rosters to reflect current trading conditions.' - Cam Caithness
AdvertisementAdvertise with NZME.
Latest fromInvestment Companies
Markets with Madison: High-growth heat
ASB and BNZ have launched high-growth investment funds as more money flows to active managers. How the CEO of Milford Asset Management plans to curb the competition. Video / NZHerald
Stock Takes: How much did telephone directory Yellow sell for?
And the Kiwi at the centre of a major Australian takeover stoush.
'Last few years difficult': Waiheke Island vineyard for sale
Covid, shut borders, a lack of customers and a lack of sales took a heavy toll.
New $30m Mitre 10 Mega Silverdale redundancies 'lowering labour costs'
'Achieve our objective of lowering labour costs, maintaining customer service standards.'
Ryman selling two sites, stopping work at three others
Full-year profit is now $300m-$330m, when it was previously forecast to be $310m-$330m.
Property Insider: Billionaire's Auckland waterfront stadium aspirations
And a new bar at a venue outside Arrowtown pays tribute to the late Adrian Burr.
How well is Bunnings doing here: what about its $401m loan?
Huge debt is owed to NZ Finance Holdings and stood at just $324m in 2022.
Ex-All Blacks' favourite $4b Arvida Group scores bigtime
Dan Carter, Richie McCaw and Kieran Read were reported to have bought in.
$3b landlord, Sylvia Park owner: How it has done in the past six months
Business has sold properties lately at Westgate and for Ikea's first store here.
Radius expenses push profit down as it brings in nurses from overseas
Company went on a big overseas nursing recruitment drive last year to fully staff places.
Power List: Who owns Mitre 10 stores throughout New Zealand?
Structure of this shy 49-year-old giant a quietly brilliant story of co-operative success.
Downtown car park sold: Precinct announces conditional deal
Conditional deal agreed to, buyer says, but sale is controversial.
Golfers squeezed? Shock Gulf Harbour Country Club land sale plan
Opponents say scheme 'a cynical and disingenuous attempt to over-build Gulf Harbour'.
Stock Takes: Why a $4 billion deal fell over
The failed Ebos deal would have been a big bite for investors.
Punishing $226.5m devaluations: $4.7b landlord in red
Movement in fair value of investment properties: on profit and loss account at -$226.5m.
Kiwi aeronautical engineers develop aircraft to fight climate change impact
A new multi-million dollar aircraft designed by Hamilton-based aeronautical engineers is set to be used by international governments. Video / NZAero
Will incoming Government cull civil servant numbers?
Capital CBD could take a hit if layoffs unleashed.
Retirement giant's profit leaps 24pc but shareholders won't get interim dividend
'Directors resolved not to pay an interim dividend to provide for ongoing investment.'
Repeat offender: Illegal Albany Heights work brings $34k fine
As it turned out, it wasn’t Danny on the digger but Tao Ma, pretending to be Danny.
Homeowner fumes at lack of action over cliff collapse
A man who owns a home above a startling slip waits and waits for council action.
Court orders permanent ban for fraudster to protect public
He is studying law fulltime at AUT and hopes to be admitted to the bar.
Privately-owned seawall under construction is rising at Shore beach
Building at Belmont follows recent action at Point Wells over illegal seawalls.
Property Insider: Iwi keen to acquire $125m Epsom campus
The university 'has profited enormously off our gifts of land since 1840', the iwi says.
Not a Rocket Lab - what new fund wants to see in start-ups
The new venture is looking for early-stage firms who show promise in creating a brand.
New Zealand's most controversial marina opens today
About 60 boats are booked to be in to Kennedy Point marina before Christmas.
'Like wraparound westie sunglasses': Tower scoops national architecture award
It's robust and low-maintenance, built to withstand the very severe coastal environment.
Herne Bay Richlister's boatshed, tree works, pool plans prompt High Court action
Waterfront tree tussle has competing property owners in court.
Environment Court allows $300m Bayswater marina apartment scheme
The original plans for a 250-residence scheme have been cut savagely to 64 units today.
Pioneering drinks business strikes trouble, makes arrangement with creditors
List of secured creditors released with deed names those claiming money including IRD.
'Dominos falling' - receivers selling 11 unfinished Auckland apartment blocks
'Wake-up call for anyone pushing the Auckland intensify agenda.'
Watch: Alarming state of red-stickered cliff-top house that's not condemned
The Herald saw an alarming sight when it flew a drone over the sea on Friday last week.
Property Insider: Waiwera tower went with whimper; wholesale fund repayments looming
Demolition more of a labour of love, slowly unpicking the structure from the top down.
Townhouse construction funding most popular, land development not so much
Appetite grows for lending to terraces and townhouses.