Business
Infrastructure
NZTA advances $14m to Transmission Gully as talks drag on
The New Zealand Transport Agency will advance $14 million to help cover the cost of the covid-19 lockdown on construction of the 27-kilometre highway, but a longer-term deal is still in negotiation. The government agency said it is still negotiating the full impact with the We...
Infrastructure
Infratil sees 30% lift in CDC earnings; maintains dividend
Infratil is signalling a 30 percent earnings improvement from its CDC Data Centres investment in the current financial year.
Infrastructure
Rakon's board to discuss sell proposal later today
Rakon chair Bruce Irvine said the board will "consider the matters" raised in a letter from shareholders owning 14 percent asking that the company be put up for sale at a meeting later today.
Services
Pacific Edge still spending, but US diagnostics up
The cash burn continues at Pacific Edge, with a total of $14.8 million in cash in the bank at end of March, following $20.1 million of new capital raised just five months ago. Reporting a net loss of $18.9 million for the 12 months ended March 31, the Dunedin-based cancer diag...
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