The steep rise is being caused by familiar factors, most notably skills shortages and congested supply chains which have constrained the availability of key materials.
Air New Zealand has deferred its plans to raise capital until 2022, after the government said it was unable to support the equity raise in the current economic environment.
An annual survey by the Institute of Directors found many directors spent more time on board duties, due to the pandemic, often for reduced fees or forgoing payment altogether.
Precinct Properties has reported a more than five-fold increase in net profit, reflecting a bounce back from last year’s lockdowns and revaluation gains.