Infrastructure
Explore the latest infrastructure news by BusinessDesk.
Infrastructure
FIRST CUT: Mercury earnings fall less than expected on geothermal offset
By Paul McBeth Aug. 20 (BusinessDesk) - Mercury NZ's annual operating earnings fell 11 percent, less than forecast, as record geothermal production helped offset a dry spell in the North Island that weighed on its hydro schemes. Earnings before interest, tax, depreciation,...
Infrastructure
NZ Steel earnings fall on weaker prices, higher costs
By Gavin Evans Aug. 19 (BusinessDesk) - BlueScope Steel’s New Zealand business reported a 28 percent drop full-year operating earnings due to higher input costs and a drop in prices for export steel and vanadium. Sales revenue for the business, which includes BlueScope’s Pa...
Infrastructure
Precinct boosts earnings, withholds $34m from Fletcher
By Victoria Young Aug. 16 (BusinessDesk) - Precinct Properties has now withheld $34 million from Fletcher Construction for delays on Auckland’s Commercial Bay project, and says the high-end development is on track for its two-2020 opening dates. The listed commercial devel...
Infrastructure
Slowing new car market sees Kiwis squeezing more out of ageing fleet
By Paul McBeth Aug. 16 (BusinessDesk) - The slowing market for new car sales has weighed on dealers' earnings but has been a boon for the likes of Super Cheap Auto as people try to get more out of their ageing vehicles. Motor Industry Association data show new car registrat...
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Oliver Lewis
Infrastructure Editor
Oliver Lewis won the local government reporting category at the 2023 Voyager Media Awards. He is part of our investigations unit and also covers infrastructure, housing and employment issues. Formerly with Stuff/The Press, Oliver has also written for the Guardian and North & South.
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