Infrastructure
Auckland building consents hit record in year to June
By Rebecca Howard July 30 (BusinessDesk) - The Auckland region consented a record number of new homes in the 12 months to June 30 but nationwide the number of new consents remains below all-time highs. In the 12 months to June, the actual number of new dwellings consented...
NZ Windfarms signs hedge for all its output
By Gavin Evans July 29 (BusinessDesk) - NZ Windfarms has signed a 15-month hedge on all the production from its Te Rere Hau wind farm near Palmerston North. The firm says the deal with a “major” New Zealand-based counter-party, takes effect from Oct. 1 and provides a quarte...
Law firms back use of hybrids in bank capital
By Jenny Ruth July 29 (BusinessDesk) – Law firm Buddle Findlay says the Reserve Bank “must revisit” its decision not to allow hybrid securities to count as tier 1 capital when calculating the balance sheet strength of the country’s banks. The securities – which are usually...
Sky-Vodafone merger decision challenging - Berry
By Gavin Evans July 29 (BusinessDesk) - The $3.4 billion Sky-Vodafone New Zealand transaction the Commerce Commission rejected in 2017 was the most difficult of the vertical mergers former chair Mark Berry had to consider. Vertical mergers – where a firm moves into another...
Prev
