Auckland Airport may require balance sheet support in the second half of 2018-2022 period
By Rebecca Howard Aug. 1 (BusinessDesk) - Auckland International Airport said it may need balance sheet support toward the end of the 2018-2022 period as it implements a massive $1.9 billion infrastructure investment programme that includes a new runway by 2028. "Although w...
NZ dollar treads water ahead of key data later in week
By Rebecca Howard July 31 (BusinessDesk) - The New Zealand dollar inched higher as the greenback remains out of favour and investors await key data later in the week. The kiwi traded at 75.06 US cents at 5pm versus 74.99 US cents at 8am in Wellington, having reached 75.23 c...
Tesbrit gets greenlight to buy up to 49.9% of 2degrees should the opportunity arise
By Rebecca Howard July 31 (BusinessDesk) - Tesbrit BV has been granted Overseas Investment Office approval to buy up to 49.9 percent of Two Degrees Mobile should the opportunity arise, valuing the country's third-biggest mobile operator at about $552 million. The European...
NZ residential building consents drop 7% in June
By Rebecca Howard July 31 (BusinessDesk) - New Zealand residential building consents fell 7 percent in June as fewer new homes were consented in the month, although new permits were still up an annual 4.7 percent. Some 2,560 new houses, apartments, townhouses, retirement vi...
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