New Zealand’s booming film and TV industry in a ‘golden era’ thanks to Covid safe haven

There’s faith that any party politics is something the sector can transcend – the industry-led working groups set up on the former forward-thinking initiatives are a hallmark of a sector “starting to grow up”, Durey says.

Air New Zealand offering ‘Mystery Break’ packages for guests who don’t really care where they go

New Zealand’s residents, meanwhile, are not currently allowed to travel internationally, with the exception of two Australian states — the Northern Territory or New South Wales — as part of the first stage of quarantine-free travel between the two countries.

Warehouse retailer Costco still tipped to come to Auckland

Chris Wilkinson, of retail consultancy First Retail Group said things had been quiet on the Costco front “but it has created a lot of interest with property developers and councils who recognise the opportunity a business of this scale would draw to an area”.

Shetland Islands Space Base Cleared for Launch After Lockheed Martin Confirms Move

The SSC will not be the UK’s first satellite launch pad, however. A space hub is set for development near Tongue in Sutherland, a county in the northern Highlands, from which UK firm Orbex could make up to 12 launches a year of its Prime rocket starting in 2022. The new Orbex rocket design and production […]

Landlords racing to beat the return of loan-to-value restrictions

On April 21, when few homes were being sold and most thought house prices were about to fall at least 10 per cent, the Reserve Bank quietly announced the planned suspension of loan-to-value ratio (LVR) restrictions that had been in place for first-home buyers, owner occupiers and rental property investors for nearly seven years. It […]

Sir Owen Glenn freezes Eric Watson’s assets in NZ, Hong Kong and the UK

Cullen Group, of which Watson is a director, owns a number of subsidiaries including Cullen Investments which has interests in intimate apparel company Bendon and, according to its website, farming assets in New Zealand and the United States. 

Augusta Capital to offer Kiwi investors an investment in the $178m Visy Glass bottling facility in Auckland

The glass bottling and distribution facility is located at 752 Great South Road, Penrose, in Auckland. It is a 67,000 square metre industrial property and will deliver $8m in rent a year with 3 per cent yearly rent increases. It is spread across an 8.57 hectare site.

Mainfreight hits a high, Rua Bioscience surges on debut, but NZX fails to fire

Shares in mānuka honey company Comvita jumped 2.4 per cent to $3.29. Chief executive David Banfield, who took over in January, told the company’s annual meeting on Thursday that trading had continued to improve as it sought to turn around its performance after two years of losses.

Rua Bioscience lists on the NZX main board, share price up 40pc within hour

“We’re not looking at recreational at all. We’re very clear that it is about medicinal cannabis. The referendum raises the agenda about cannabis as a product and as a medicine, but whatever way it goes, it won’t have any effect on us.”

Auckland Airport had zero international passengers some days during height of Covid-19 pandemic

Strange said daily international passenger numbers in and out of Auckland Airport fell from around 30,000 per day to just a few hundred, and on some days it had none. Annual total passenger movements were down 26.5 per cent on the previous year, the first decline in passenger numbers since the global financial crisis in […]