Chorus appoints former NBN exec JB Rousselot as new CEO
Chorus has looked across the Tasman for someone to take over the reins, hiring former NBN executive JB Rousselot as chief executive effective from Nov. 20. The telecommunications network operator's existing CEO, Kate McKenzie, unexpectedly announced her departure in August, al...
MARKET CLOSE: NZ shares join Asian rally on optimism over trade talks
New Zealand shares joined a rally across Asia as investors were more optimistic about the upcoming trade negotiations between the US and China. The S&P/NZX 50 Index increased 40.53 points, or 0.4 percent, to 11,016.15. Within the index, 29 stocks rose, 16 fell and five were u...
Transmission Gully contractor suing NZTA for $352m
Transmission Gully contractor Wellington Gateway Partnership is seeking $352 million from the New Zealand Transport Agency over delays in starting the work. The claim would increase the $850 million construction cost to almost $1.2 billion, amounting to a 41 percent increase....
Rail revaluation bolsters Crown 2019 accounts as tax take swells
The government's annual accounts were healthier than predicted, due in large part to a $2.6 billion reversal in earlier writedowns to the value of the rail network, and a bigger tax take. The operating balance before gains and losses (obegal) was a surplus of $7.5 billion in...
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