Business
Finance
Goodman NZ collects first performance fee in 10 years
By Jenny Ruth May 16 (BusinessDesk) - Goodman Property Trust’s manager is pocketing an $8.6 million performance fee for the year ended March, the first time Goodman NZ has earned a performance fee in 10 years. That suggests the trust has performed particularly well for inve...
Infrastructure
Infratil’s Vodafone play may shake up national telco infrastructure
By Paul McBeth May 16 (BusinessDesk) - Infratil’s billion-dollar play for Vodafone New Zealand is set to change the way telecommunications firms invest in national infrastructure. Chief executive Marko Bogoievski told analysts this week that the nation can’t afford to inves...
Infrastructure
OMV says gas disclosure expectations may be unrealistic
By Gavin Evans May 15 (BusinessDesk) - OMV says it supports greater disclosure of outages in the gas sector but is concerned some players may have unrealistic expectations of new rules intended to make that happen. New Zealand’s biggest gas producer says it is alive to the...
Infrastructure
FNZC trims Infratil's target price on $3.4B Vodafone deal
By Rebecca Howard May 15 (BusinessDesk) - First NZ Capital has lowered its target price for Infratil shares after the infrastructure investor flagged plans to make a $1.03 billion investment in Vodafone New Zealand. Multinational telco Vodafone Group has agreed to sell its...
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