Infrastructure

Explore the latest infrastructure news by BusinessDesk. 
Vector profit slides 44% on struggling HRV writedown
Infrastructure

Vector profit slides 44% on struggling HRV writedown

By Paul McBeth Aug. 23 (BusinessDesk) - Vector reported a 44 percent slide in annual profit as the lines company wrote down the value of its HRV home ventilation unit, which has failed to fire since it was bought in 2017. Operating earnings were in line with expectations an...

Paul McBeth 22 Aug 2019
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Steel & Tube returns to the black but says margins are squeezed
Infrastructure

Steel & Tube returns to the black but says margins are squeezed

By Jenny Ruth Aug. 23 (BusinessDesk) - Steel & Tube turned back into the black in financial year 2019 but says positive gains were offset by lower-than-expected gross margins due to the market contracting for some high-value categories and due to the highly competitive market....

Jenny Ruth 22 Aug 2019
A2 Milk says rising environmental costs not a 'big risk'
Infrastructure

A2 Milk says rising environmental costs not a 'big risk'

By Rebecca Howard Aug. 22 (BusinessDesk) - A2 Milk says the cost of meeting more stringent water, animal welfare and emissions standards is not a "big risk" to the company and it will work with partners to help the industry meet the new requirements. Chief executive Jayne H...

Rebecca Howard 22 Aug 2019
RESEND: Twyford's choice: NZTA or Super Fund for Auckland light rail
Infrastructure

RESEND: Twyford's choice: NZTA or Super Fund for Auckland light rail

(Resend for customers who missed delivery) By Paul McBeth Aug. 22 (BusinessDesk) - Transport Minister Phil Twyford will decide early next year whether to use traditional government procurement to build a light rail network in Auckland, or bypass those processes with a New Z...

Paul McBeth 22 Aug 2019