Infrastructure
Trustpower signals $11 mln profit boost from metering sale
Trustpower expects to boost full-year net profit by about $11 million following the sale of its metering business to Financial Corporation.The power generator and retailer didn’t disclose the sale price on the transaction completed on Friday.But in a note on NZX, it indicated the...
Steel & Tube warns of further hit to first-half profit
Steel & Tube Holdings says its first-half results will be hit by at least a $2 million charge for debt write-offs and provisioning with the board planning to review carrying values in February ahead of the results announcement."The trading conditions in the first few months of th...
Gavin Evans: OPINION: NZOG stoush enters round two
Ofer Global looks set for another tussle with fellow shareholders in New Zealand Oil & Gas as bigger stakeholders position for a board change at next month’s general meeting.Shareholders Brian Roulston and Samantha Sharif, both of whom spoke at yesterday’s special meeting, are vy...
Southerners keep close watch on Northport proposals
South Port New Zealand is keeping a close eye on the upper North Island supply chain study and wouldn’t be surprised if the rest of the nation’s ports come under the government’s microscope. The government is considering a recommendation to shift Ports of Auckland’s operations...
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