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Competition watchdog probes Auckland timber market
June 28 (BusinessDesk) – The Commerce Commission is investigating allegations of anti-competitive behaviour in the Auckland commercial timber market, but Fletcher Building says it doesn’t expect to face enforcement action. The NZX-listed construction products company revealed th...
Rangatira emerges as biggest investor in Tuatara after investment of about $5 mln
By Jonathan Underhill June 28 (BusinessDesk) – Rangatira has emerged as the biggest shareholder in Tuatara Brewing after the Wellington-based investment company bought new and existing shares to build a 35 percent stake in the boutique brewer. Rangatira is understood to have in...
NZ building consents rise 1.3 percent in May on Auckland, Christchurch construction
June 28 (BusinessDesk) - New Zealand’s new building consents rose in May, adding to a surge in April, as construction intentions Auckland and Christchurch underpinned growth in the sector. New building permits rose 1.3 percent to a seasonally adjusted 1,818 last month, with a b...
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