Business
Infrastructure
NZ building activity hits three-year high in March quarter
By Rebecca Howard June 7 (BusinessDesk) - New Zealand's building activity hit a three-year high in the March quarter as non-residential building volume growth continued to push higher and as residential construction was also strong. The volume of building work put in plac...
Infrastructure
Mercury eyes $300M capital bond offer to refinance existing notes paying 6.9%
By Paul McBeth June 7 (BusinessDesk) - Mercury NZ plans to raise up to $300 million of subordinated capital bonds, which it will use to refinance an equal amount of listed debt currently paying 6.9 percent interest. The electricity generator and retailer said it plans to s...
Infrastructure
Gull seeks to supply jet fuel at Auckland Airport
By Gavin Evans June 7 (BusinessDesk) - Gull says its plan to import jet fuel and truck it into Auckland will improve competition and increase the resilience of supply for the country’s biggest airport. The company has begun the process of joining the joint user hydrant inst...
Infrastructure
UPDATE: Industry split on Auckland jet fuel options
(Adds Auckland Airport denial from 22nd paragraph that JUHI lease is at risk of early termination.) By Gavin Evans June 6 (BusinessDesk) - Extra jet fuel storage can be provided for Auckland International Airport, but suppliers are split on whether an additional pipeline fr...
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