Business
Infrastructure
Infratil's Vodafone purchase cleared by Commerce Commission
By Rebecca Howard July 11 (BusinessDesk) - Infratil's plan to buy up to 50 percent of Vodafone New Zealand has been cleared by the Commerce Commission. Infratil and Brookfield Asset Management sought Commerce Commission approval for their $3.4 billion purchase of Vodafone G...
Finance
KPMG identifies sequencing issue in proposed bank deposit guarantee scheme
By Pattrick Smellie July 11 (BusinessDesk) - Financially distressed banks may need to go through the controversial Open Banking Resolution process and fail before the government's proposed deposit guarantee would come into play, KPMG says. "Under the Open Banking Resolution...
Services
Restaurant Brands eyes $45 mln underlying profit
By Gavin Evans July 10 (BusinessDesk) - Fast-food operator Restaurant Brands New Zealand is expecting profit growth of at least 6 percent this year as the firm benefits from new store openings. The firm, which will open its first Taco Bell stores in Australia and New Zealan...
Infrastructure
Home batteries could play key role in grid management - Transpower
By Gavin Evans July 10 (BusinessDesk) - Household battery electricity storage could play an important role in managing the pressures increased solar and electric vehicle use may put on the country’s power system, Transpower says. While the combination of solar and batteries...
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