Infrastructure
Explore the latest infrastructure news by BusinessDesk.
Services
Air NZ shares rise 8.6% as it targets another $150m of savings
Air New Zealand shares rose 8.6 percent after the airline said it plans to cut its wage bill by another $150 million in its bid for survival. The national carrier had already embarked on plans to cut its workforce by a third in a bid to save between $350 million and $400 milli...
Coronavirus
Loss expected from NZ Steel on covid shutdown
BlueScope Steel’s New Zealand business could post its first half-yearly loss in four years on the back of the country’s strict covid-19 shutdown, Jarden analysts say. The New Zealand Steel and Pacific Steel business may report an underlying loss of A$5.2 million before interes...
Newswire
NZOG seeking acquisitions, won't raise capital
New Zealand Oil & Gas said it is actively seeking acquisitions of a scale that won’t require it to raise additional capital. The firm said its strong balance sheet, and its weighting to gas rather than oil, means it is well-positioned in the current “distressed’ market to purs...
Services
Free
Xero's US holy grail still distant but glimmers lurk
Gaining traction in the North American market has been the holy grail for Xero for most of the last decade and it still looks far away in the distance.
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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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