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Infratil, NZ Super Fund, raise $840M in Z Energy IPO, selling shares at $3.50 apiece
Aug. 16 (BusinessDesk) - Infrastructure investor Infratil and the New Zealand Superannuation Fund will sell 60 percent of petrol station chain Z Energy for a total of $840 million ahead of a listing next week. The Wellington and Auckland-based investment funds, who will each re...
NZ dollar falls after 6.2 magnitude Wellington quake, drops vs. Australian dollar
Aug. 16 (BusinessDesk) - The New Zealand dollar fell in the wake of a 6.2 magnitude earthquake shook Wellington and the upper South Island, the biggest quake since last month’s 6.9 magnitude event. The kiwi fell as low as 80.55 US cents after the initial tremor at 2.31pm in Well...
Steel and Tube FY profit helped by lower input prices; Christchurch commercial work awaited
Aug. 16 (BusinessDesk) – Steel & Tube Holdings posted a 19 percent gain in full-year profit, even as sales fell, as the company benefited from low prices for the unfinished steel it uses to make its building products, chief executive Dave Taylor says. Sales declined 3 percent t...
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