Business
Infrastructure
Vector depreciation bid rejected in ComCom DPP reset
By Gavin Evans May 29 (BusinessDesk) - Vector, the country’s biggest electricity distributor, has had its request to accelerate depreciation on its network assets turned down by the Commerce Commission. The company had sought a higher depreciation rate on its network assets...
Infrastructure
UPDATE: Precinct's Commercial Bay development faces more delays, higher costs
(Adds comment from Fletcher Building in the 14th paragraph, updates share price in final paragraph) By Rebecca Howard May 29 (BusinessDesk) - Precinct Properties New Zealand says its high profile Commercial Bay development being built by Fletcher Building will now take eve...
Finance
Turners may shed Oxford Finance, EC Credit in bid to simplify business
By Paul McBeth May 29 (BusinessDesk) - Turners Automotive Group may sell its Oxford Finance and EC Credit debt collection units as it attempts to streamline the business. It has already ditched the Buy Right Cars brand at a cost of $4.3 million. That brand write-off led to...
Services
Pacific Edge shares tumble 14% after FY net loss
By Rebecca Howard May 29 (BusinessDesk) - Pacific Edge's shares fell 14 percent, despite reporting a smaller full year net loss as more people adopted its Cxbladder cancer diagnostics tests. The shares dropped to 18.5 cents after the Dunedin-based company reported a loss of...
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