Business Hub: Changes at top of NZ's second-largest builder
Downer has around 25,000 employees in Australia and around 10,000 in New Zealand.
AdvertisementAdvertise with NZME.
Latest fromAustralia Business
Two multimillionaires sell Auckland supermarket in $30m+ deal
A new 10-year lease gives the buyer a long-term income stream from the Australasian giant.
Ikea opening: giant retailer to study nearly 1000 Kiwi homes
'We do a number of home visits to see how people live, what their needs are.'
Big retirement village company's net profit tumbles
Giant of the sector reports in the face of falling house prices, Government scrutiny.
Pead liquidates NZ arm of Australian food business Krumbled for PR fees, costs
The venture was so unsuccessful that not even the food survived. It was destroyed.
Eighty Kiwis stung by $6.5m luxury cruise ship failure: receiver
'This cruise was a Fawlty Towers from start to end. You could not eat the food,' - review.
Why a 'burnt-out' new teacher who quit after three terms may try again in Australia
More than 27,000 teacher practising certificates have expired and not renewed since 2018.
Fletcher Building in leaky pipe probe
Up to 1200 West Australia homes 'experienced leaks', probe underway by authority.
Giant Sydney-HQ real estate chain coming here
Local manager says agency looking at up to 20 offices in New Zealand.
EziBuy 'a tenant at risk': Landlord flagged issues at retailer a year ago
'Their use was not appropriate for the site because rental levels had crept up.' - Mence
Fonterra liquidates NZ exporter to China for unpaid debt
All did not go according to plan and exports were unsuccessful.
Power List: The top NZ retirement village owner operators
Six businesses own 47% of villages and 63% of units: we name the giants of the sector.
Fletcher reveals shareholders plan class action over loss-making division
'There’s also the potential of no payout if Fletcher can defend it robustly.'
Costco Warehouse pharmacy under Kiwi ownership control
Westgate Costco unique among more than a dozen Australasian outlets.
‘Forced to sell’: New interest rate blow for Aussie homeowners and buyers
Regulator in Australia refuses to budge on a key issue influencing banks' decisions.
Downer EDI releases half-year result, cites NZ floods
Unprecedented wet weather, labour shortages, productivity problems dog business.
'It’s gone': Aussie man loses eye-watering sum in crypto disaster
The Melbourne man says his partner is furious he invested the money.
SkyCity Entertainment Group turnaround: Profit up 167%
Especially strong Auckland hospitality and gaming machine operations were noted.
Christopher Niesche: Billionaires were bound to fall out
Daring project: Moguls planned world's largest solar farm. What went wrong?
Ryman slices Australian plans in half to gain approval for $344m village
Scheme for 217 apartments now scaled back to 104 units.
After seven-year struggle, $317m Ryman plans approved
Rollercoaster ride for $317m estate continues, but project opponents already grumbling.
184-year-old Aussie retail icon David Jones sold
David Jones will be acquired by private equity firm Anchorage Capital Partners.
Auckland's newest hotel to feature sleeping 'pods'
Accommodation designed for savvy travellers and digital nomads.
Giant of listed retirement village sector has a drop in interim net profit
Revaluations of $89.3m previously dropped to just $49.6m.
Residential developer planned to lay off up to 30pc of staff - how many took redundancy?
On November 8, the residential developer sent a proposal to staff, hoping to cut costs.
NZ’s busiest residential developer laying off up to 30% of staff
One of fastest-growing businesses in sector pulls up fast.
Australian developer bailing out of NZ's tallest apartment tower project
The 55-level project was approved under Govt's Covid fast-track law.
Christopher Niesche: The downside to Victoria premier's green power plan
Three coal generators in the state will be forced to close earlier than expected.
'Significant error': Melbourne woman given $11.7m instead of $112 refund
Her family went on a massive spending spree. Now they have to pay it all back and more.
Hundreds impacted as Queensland building company collapses
Another company has become latest casualty in a string of collapses impacting the sector.
Christopher Niesche: Australia faces biggest energy crisis since 1970s
Australians have been told to conserve power or face blackouts.
Christopher Niesche: What Albanese's political win means for climate change
Albanese's victory means Australia will start to take genuine action on climate change.
Christopher Niesche: Australian budget looks no further than end of May
COMMENT: Budget full of one-off cash payments but little to address structural issues.
Christopher Niesche: Board and management must be held to account for casino's activities
Review reveals major failings in governance and oversight at Australian casino group.