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Goodman Property profit jumps 64.7% on valuation and development gains
By Jenny Ruth May 15 (BusinessDesk) - Goodman Property Trust lifted annual statutory net profit 64.7 percent, boosted by big valuation gains and as its manager sold assets and developed new ones to create a pure Auckland industrial property portfolio. Net profit attributabl...
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Waitomo foresees steady expansion beyond 2019
By Gavin Evans May 15 (BusinessDesk) - Discount fuel retailer Waitomo Group expects to open five to six new outlets annually as it builds out its national network. The Hamilton-based company yesterday opened its southern-most fuel stop in Upper Hutt. It will open an outlet...
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Infratil wants Vodafone free to chase domestic strategy
By Paul McBeth May 14 (BusinessDesk) - Vodafone New Zealand's incoming shareholder wants the country's biggest mobile carrier free to pursue a domestic strategy rather than be beholden to the dictates of a multinational owner. Infratil has been seeking out a high-quality t...
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BUDGET 2019: Govt redirects $197M fees-free underspend to vocational training
By Pattrick Smellie May 14 (BusinessDesk) - Fewer students than expected have taken up the government's offer of free fees for tertiary education, allowing nearly $200 million over four years to be redirected into a revamp of vocational skills training, Finance Minister Grant...
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