Infrastructure
Explore the latest infrastructure news by BusinessDesk.
Infrastructure
PaySauce to raise $5.8m, convert notes to equity
PaySauce plans to raise $5.8 million from a one-for-seven pro-rata renounceable rights offer to help expand its New Zealand presence and its push into other markets. The payroll software provider is also requiring the convertible notes it issued in June 2019 to convert to shar...
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Infrastructure
Rio Tinto reiterates Tiwai position as aluminium prices stay weak
ASX-listed mining giant Rio Tinto is lobbying on both sides of the Tasman as it seeks cheaper energy for its aluminium smelters.The majority owner of the Tiwai Point smelter said the aluminium industry continued to face low profitability in what it described as challenging condit...
Infrastructure
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...
Infrastructure
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...
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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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articles by Oliver