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News
Property for Industry sees 'light at the end of the tunnel' for Auckland and economy
3+ hour, 6+ min ago (115+ words) The company has raised $6.1m of a projected $11m pre-Series A round. The RBNZ’s next monetary policy review is on Sept 2; a hike is expected. The Fisher & Paykel Healthcare CEO and MD is one of this year’s CEO Index finalists. As the…...
Electric hydrofoil startup Vessev buoyant after $32.6m fundraise
4+ day, 3+ hour ago (104+ words) Employees are clinging to jobs they no longer love. Calculated bid puts David Ferrier in the box seat to take over the carpet maker. As the City Rail Link transforms Auckland’s Midtown, the case for knocking down its ageing office…...
Auckland airport chief says regulatory???flip-flopping??? is concerning investors
4+ day, 3+ hour ago (112+ words) Employees are clinging to jobs they no longer love. Calculated bid puts David Ferrier in the box seat to take over the carpet maker. Company predicts recent gains will help the business weather future downturns. As the City Rail Link…...
SkyCity Grand Hotel could net over $200m, Adelaide Casino up for review
4+ day, 15+ hour ago (103+ words) The merger would create 'a challenger bank of scale', CEO tells investors. Tepid passenger growth and major capital spending have come with a profit dip. As the City Rail Link transforms Auckland’s Midtown, the case for knocking down its ageing…...
Auckland Airport reports profit drop and $1b in capital spending
4+ day, 20+ hour ago (110+ words) It's forecasting a lower net operating profit for next year, however. NZX is tracking towards the middle of its $53m-$58.5m earnings guidance range. SkyCity's underlying ebitda fell 22.3% as it targets $70m in savings. As the City Rail Link transforms Auckland’s Midtown, the…...
Auckland Airport full-year revenue slightly higher
4+ day, 23+ hour ago (65+ words) It's forecasting a lower net operating profit for next year, however. NZX is tracking towards the middle of its $53m-$58.5m earnings guidance range. SkyCity's underlying ebitda fell 22.3% as it targets $70m in savings. As the City Rail Link transforms Auckland’s Midtown, the…...
Rebuild it and they will come: Why Auckland???s next big development already exists
5+ day, 3+ hour ago (1047+ words) As the City Rail Link transforms Auckland’s Midtown, the case for knocking down its ageing office towers is getting harder to make. “Build it and they will come.” That’s been the mantra around our CBDs for decades – demolishing ageing office…...
???It???s just nuts???: Bishop grumbles about consent clash as Northwest Busway gets fast-track nod
1+ week, 4+ day ago (111+ words) Investors can’t get enough of ETFs, which use derivatives to get stock-like returns. The Scales Corporation's managing director is one of this year’s CEO Index finalists. SunScout shares fell 39% on their first day after listing on two US exchanges. The…...
Soho Hotel receivership: $66m debt and no code compliance certificate
1+ week, 4+ day ago (99+ words) Early version of Government transport plan delayed till 2027 for review of funding model. Vital’s balance sheet showed total assets of $3.6 billion, up from $ 3.2b. New funding round catapults AI company into one of Europe’s most valuable startups. The critical pipeline supports…...
Geoff Cooper, NZ Infrastructure Commission Te Waihanga chief executive:???It???s not always about the next big project???
1+ week, 5+ day ago (1461+ words) Our subscriptions start at $44 / month for individuals. The BusinessDesk CEO Index, driven by Range Rover, has returned for its second year. Our newsroom and a panel of independent judges have hand-picked 24 New Zealand chief executives and business leaders making a…...