NZ manufacturing activity expands on month in April but down on year
By Rebecca Howard | Thu, 16 May 2019
By Rebecca Howard May 17 (BusinessDesk) - New Zealand's April manufacturing activity expanded versus March but was well down on the year as demand growth continues to cool. The Bank of New Zeala...
Genesis signs up to 20-year supply agreement for Tilt-built Waverly wind farm
By Paul McBeth | Thu, 16 May 2019
By Paul McBeth May 17 (BusinessDesk) - Genesis Energy and Tilt Renewables have signed a 20-year supply agreement, laying the foundation for the construction of a 31-turbine wind farm in Waverley, S...
Wellington Airport lifts annual earnings on passenger growth
By Paul McBeth | Thu, 16 May 2019
By Paul McBeth May 16 (BusinessDesk) - Wellington International Airport lifted annual earnings 6.3 percent as the capital city's gateway continued to benefit from rising passenger numbers. Earn...
ComCom says 5G build excluding Huawei could cost more
By Paul McBeth | Thu, 16 May 2019
By Paul McBeth May 16 (BusinessDesk) - Excluding Chinese telecommunications firm Huawei Technologies risks driving up the cost of building a 5G mobile network and undermining competition in its dev...
Rakon lifts annual earnings 10% on growing demand for telco infrastructure
By Rebecca Howard | Wed, 15 May 2019
By Rebecca Howard May 16 (BusinessDesk) - High-tech components maker Rakon lifted full-year earnings 10 percent, meeting guidance, as 4.5/5G telecommunications infrastructure demand continues to gr...
Infratil’s Vodafone play may shake up national telco infrastructure
By Paul McBeth | Wed, 15 May 2019
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 executiv...
OMV says gas disclosure expectations may be unrealistic
By Gavin Evans | Wed, 15 May 2019
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...
FNZC trims Infratil's target price on $3.4B Vodafone deal
By Rebecca Howard | Tue, 14 May 2019
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 Vod...
Fulton Hogan seeks buyer for Australian civil construction unit
By Paul McBeth | Tue, 14 May 2019
By Paul McBeth May 15 (BusinessDesk) - Fulton Hogan is looking to sell its Australian civil construction unit which has been a drag on earnings for the past 18 months. The privately-held compan...
Waitomo foresees steady expansion beyond 2019
By Gavin Evans | Tue, 14 May 2019
By Gavin Evans May 15 (BusinessDesk) - Discount fuel retailer Waitomo Group expects to open five to six new outlets annually as it builds out its national network. The Hamilton-based company yes...
Infratil, Brookfield to pay $2.06B cash and assume $1.34B of debt for Vodafone NZ
By Rebecca Howard | Mon, 13 May 2019
By Rebecca Howard May 14 (BusinessDesk) - Infratil and Brookfield Asset Management's $3.4 billion purchase of Vodafone NZ will see them each pay $1.03 billion for a 49.9 percent stake. The bala...
Downer, Visionstream win $450M of Chorus maintenance contracts
By Paul McBeth | Mon, 13 May 2019
By Paul McBeth May 14 (BusinessDesk) - Chorus has hired Downer EDI and Cimic Group's Visionstream to maintain its copper and fibre telecommunications network for the next three years at a cost of a...