Westland Milk reviews capital structure as profit soars on cheap milk, value-add sales
By Fiona Rotherham Oct. 23 (BusinessDesk) - Westland Milk Products, New Zealand’s second biggest dairy cooperative, is reviewing its capital structure to ensure it has the “flexibility required to maximise market opportunities” after profit soared on cheaper milk prices and in...
Vector among first in world to get new Tesla storage batteries
By Fiona Rotherham Oct. 22 (BusinessDesk) - Vector, the Auckland gas and electricity distribution monopoly, said it will be among the first customers in the world to take delivery of Tesla’s home and business batteries that store home-generated solar and wind power. The uti...
Auckland Airport a 'conductor' for New Zealand tourism, CEO Littlewood says
By Fiona Rotherham Oct. 22 (BusinessDesk) - Auckland International Airport chief executive Adrian Littlewood said the big change in the company under his three-year tenure has been moving beyond simply being an infrastructure developer and operator to being an active leader in...
Auckland Airport raises capex forecast by as much as 27% to meet passenger growth
By Fiona Rotherham Oct. 22 (BusinessDesk) - Auckland International Airport expects capital expenditure to be as much as 27 percent more than earlier guidance, in what will be its biggest annual spend in over a decade, as it experiences strong growth, especially in tourism and...
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