Infrastructure
Explore the latest infrastructure news by BusinessDesk.
Retail
NZ's Laybuy looks to deeper Aussie market for listing
New Zealand buy now, pay later provider Laybuy plans to list on the Australian stock exchange by May as it looks to benefit from a trail blazed by Afterpay. The aim is to raise around A$45 million in an initial public offering, following a pre-IPO capital raising of A$10 million...
TIL downgrades earnings by up to 40%, suspends first-half dividend
TIL Logistics is expecting first-half operating profit will be down as much as 40 percent and has suspended its first-half dividend.The freight and logistics company said it expects earnings before interest, tax, depreciation and amortisation for the six months ended December wil...
Services
Gentrack loses investor support with vague downgrade
Gentrack shares continued their downward spiral after yesterday’s savage sell-off when almost 5 percent of its shares changed hands.The stock dropped to as low as $2.60 and was recently down 7.6 percent at $2.67, adding to yesterday’s 26.7 percent slump after the utilities softwa...
Policy
Wairarapa Water gets $7m of PGF money for water scheme
Wairarapa Water has secured a $7 million investment from the government’s provincial growth fund to help pay for the development before construction starts on new storage near Masterton in the next couple of years.The planned water storage at Wakamoekau north-west of Masterton ha...
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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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