Infrastructure
Who started the steel pricing war?
By Jenny Ruth Sept. 9 (BusinessDesk) - Some in the steel distribution industry point the finger at Steel & Tube which in turn points the finger at Fletcher Building’s steel division, but the cold, hard fact is nobody is winning in the current price war. In what was a year o...
KiwiRail gets $94.8m for Northland upgrade
By Gavin Evans Sept. 6 (BusinessDesk) - The government will provide $94.8 million to upgrade the rail link from Auckland to Whangarei. The planned work will include replacing or upgrading almost a third of the 181-kilometre line between Swanson and Whangarei. It will includ...
Cyber security losses jump in June qtr - Cert NZ
By Rebecca Howard Sept. 5 (BusinessDesk) - Financial losses stemming from cyber security incidents jumped in the June quarter along with the number reported to the New Zealand police. Financial losses in the quarter reached $6.5 million, up from $1.7 million in the prior th...
Stride spins out special-purpose industrial property vehicle
By Jenny Ruth Sept. 5 (BusinessDesk) - Stride Property Group is spinning out its industrial properties into a new special-purpose vehicle in a joint venture with a group of international institutional investors. Stride is tipping 11 properties into the venture and will add...
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