Jarden Brief: Why US markets hit all-time highs overnight
16 Feb, 2021 11:17 PM
6 minutes to read
Optimism surrounding vaccines has had a positive impact on the US market. Photo / Getty Images
NZ Herald
Jarden
New Zealand The S&P NZ50 finished the day up 0.8 per cent yesterday after the director general for health announced that there were no new Covid-19 cases in the community, raising hopes that the most recent lockdown measures may not require an extension.
In response, the best performing sector on the day was Consumer Staples, which added 1.7 per cent, followed by Industrials, up 1.7 per cent. The worst performing sector on the day was Financials, down 0.5 per cent.
Asset Plus rekindles $350m Auckland CBD office project: shuns work-from-home trend
16 Feb, 2021 08:30 PM
3 minutes to read
NZX listed Asset Plus has rekindled $350 million plans to expand an Auckland CBD office block by adding extra levels on the heritage-listed structure.
Despite the lockdown and a rising tend of people working from home, the business has moved confidently to restart a project shelved during the lockdown last year but which could create an asset valued on completion of up to $350m.
Mark Francis, managing director of Augusta Funds Management which manages Asset Plus, said plans for the office block at 35 Graham St above Fanshawe St were now back on.
can send the data up in realtime. so you don t have to have this two hour down and back. on face value that looks like that s the greatest thing in the world. but in order to tow that at that depth, it will take you 20 miles out. it will take you 12 or 13 hours to tow it back in and turn around. so it s just the time goes in a different place. exactly. auvs are by and large more efficient in the future for this type of operation. and they will get more data than the towed arrays if you give them the opportunity to do it. so what is your bottom line view? is the plane here? if those pings are right, they ll find the plane in this area. they re just going to have to take the time. as the commander said, it could take two months. you have to let the vehicle do its job. and it is a $5 million asset plus. and it s designed to protect itself. so if it gets into a situations where it s not supposed to be, it comes home. as we said, there has been instances where sea life, orcas or