Infrastructure
Explore the latest infrastructure news by BusinessDesk.
Rakon's board to discuss sell proposal later today
Rakon chair Bruce Irvine said the board will "consider the matters" raised in a letter from shareholders owning 14 percent asking that the company be put up for sale at a meeting later today.
Property
Goodman expects steady earnings this year despite covid-19 impact
Goodman Property Trust's manager is one of the few companies willing to make an annual profit forecast amid the coronavirus crisis – that results this year will match last year's."If the portfolio continues to perform in line with our expectations, we forecast cash earnin...
Policy
Light rail decision coming; Twyford won't discuss cost blowout
Transport Minister Phil Twyford has confirmed a Cabinet decision on the Auckland light rail project will be made "shortly", countering a suggestion by New Zealand First leader Winston Peters yesterday that the ambitious project had been suspended. However, Twyford dodged quest...
Coronavirus
Trustpower trims dividend, forecast for covid impacts
Trustpower is picking a modest lift in operating earnings for the current financial year, reflecting dry conditions in the North Island and an expected increase in bad debts from the covid-19 crisis. New Zealand’s fifth-largest retailer today reported a 16 percent drop in earn...
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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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