Infrastructure
Explore the latest infrastructure news by BusinessDesk.
TIL lowers net profit guidance on earlier relocation costs
By Rebecca Howard June 27 (BusinessDesk) - TIL Logistics lowered its full-year net profit guidance on increases in temporary staffing costs after its Move Logistics unit relocated to new warehouse facilities sooner than expected. The New Plymouth-based freight and logistics...
Napier Port plans mid-July share offer
By Gavin Evans June 26 (BusinessDesk) - Napier Port plans to kick-off its share offer mid-July and list its stock on the NZX the following month. The country’s fourth-largest container port will offer up to 45 percent of its shares after the sale was approved by owner Hawk...
Law & Regulation
McConnell to pay $1.1M: used Hawkins' insolvency as a weapon - judge
By Paul McBeth June 26 (BusinessDesk) - The parent company of the former Hawkins businesses tipped into receivership has been ordered to pay $1.1 million of court costs for exploiting the looming failure and delaying a leaky school claim brought by the Ministry of Education. ...
Property
UPDATE: Fletcher shares gain on $300 mln buyback
(Updates and recasts with share price, CEO briefing, broker comment) By Paul McBeth June 26 (BusinessDesk) - Fletcher Building shares recovered some of yesterday's decline as the country's biggest listed construction company announced plans to buy back as much as $300 milli...
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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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