Infrastructure
Explore the latest infrastructure news by BusinessDesk.
Policy
Nimbys, carparks and the status quo under threat as govt tells big cities: grow up and out
By Pattrick Smellie Aug. 21 (BusinessDesk) - Local councils face a huge shift in how they plan the growth of cities, with the government issuing draft national directives that would require councils to focus on the positive and future impacts of new developments rather than th...
Property
FIRST CUT: Fletcher's annual operating earnings meet guidance
By Jenny Ruth Aug. 21 (BusinessDesk) - Fletcher Building posted a $164 million annual net profit, a turnaround from the previous year’s loss and the first year of a five-year refocusing strategy to grow the business, the company said. Fletcher’s net profit for the year ende...
FIRST CUT: Spark lifts annual profit 12% as cost-cutting drive pays off
By Paul McBeth Aug. 21 (BusinessDesk) - Spark New Zealand lifted annual profit 12 percent as the country's biggest telecommunications company stripped out costs in its transformation programme, dubbed Quantum. Net profit rose to $437 million in the 12 months ended June 30...
Law & Regulation
UPDATE: Lack of fuel competition may be costing $400m annually - ComCom
(Adds comment from Z Energy from 16th paragraph. Updates shares.) By Gavin Evans Aug. 20 (BusinessDesk) - The country’s fuel retailers may be earning close to $400 million a year in excess returns, and few expect any reduction in profitability any time soon, the Commerce Co...
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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