Infrastructure
Explore the latest infrastructure news by BusinessDesk.
Primary Sector
S&P raises Port of Tauranga's credit rating to 'A-'
By Jenny Ruth Aug. 28 (BusinessDesk) - Port of Tauranga’s credit rating upgrade is “fantastic news” and makes it one of the few ports around the world with such a high credit rating, says chief executive Mark Cairns. That’s despite the port putting “a bit of pressure” on it...
Retail
UPDATE: Genesis underlying profit up on improved retail performance
(Adds share price reaction, divisional earnings and 2020 earnings forecast from 6th paragraph) By Gavin Evans Aug. 28 (BusinessDesk) - Genesis Energy reported a 16 percent increase in underlying full-year profit, with improved retail earnings offsetting a flat performance...
Retail
UPDATE: Port of Tauranga lifts annual profit 6.7% on record cargo volumes
(Updates with special dividend details from 6th paragraph and details of cargo trends from 9th paragraph) By Jenny Ruth Aug. 28 (BusinessDesk) - Port of Tauranga lifted annual net profit 6.7 percent on record cargo volumes with sales rising 10.4 percent. Net profit for t...
Retail
Genesis underlying profit up 16% on improved retail earnings
By Gavin Evans Aug. 28 (BusinessDesk) - Genesis Energy reported a 16 percent increase in underlying full-year profit, with improved retail earnings offsetting a flat performance from its generation arm and weaker oil production from its Kupe interests. The country’s biggest...
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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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