Infrastructure
McConnell to pay $1.1M: used Hawkins' insolvency as a weapon - judge
By Paul McBeth June 26 (BusinessDesk) - The parent company of the former Hawkins businesses tipped into receivership has been ordered to pay $1.1 million of court costs for exploiting the looming failure and delaying a leaky school claim brought by the Ministry of Education. ...
UPDATE: Fletcher shares gain on $300 mln buyback
(Updates and recasts with share price, CEO briefing, broker comment) By Paul McBeth June 26 (BusinessDesk) - Fletcher Building shares recovered some of yesterday's decline as the country's biggest listed construction company announced plans to buy back as much as $300 milli...
Tilt eyes Snowtown 2 sale to free up capital
By Gavin Evans June 26 (BusinessDesk) - Tilt Renewables is considering selling its 270 MW Snowtown 2 wind farm in South Australia. The project, completed in 2014 alongside its original 101 MW Snowtown development, is Tilt’s largest operating asset and one of the largest win...
Fletcher flags $300 mln share buyback, uses Formica funds to cut debt
By Paul McBeth June 26 (BusinessDesk) - Fletcher Building plans to buy back as much as $300 million of stock, with the bulk of the billion-dollar Formica sale proceeds being used to cut debt. The country's biggest listed construction firm is hosting investors in Sydney tod...
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