Infratil buys up Aust data centre stake
Infratil will spend $420m for a 48 percent stake in Canberra Data Centres.
Infratil will spend $420m for a 48 percent stake in Canberra Data Centres.
Infratil lifted annual earnings by 2.5 per cent, meeting guidance, as its Metlifecare and RetireAustralia investments delivered big contributions.
New Zealand's biggest bus operator is paying $30m to start moving its fleet to electric technology.
Infratil expects its underlying earnings to rise, helped by its retirement village business.
Wellington Airport has hit back at scathing analysis of its runway extension plan by the New Zealand Institute of Economic Research.
Report backed by airlines tears into plan to lengthen airport's runway, saying it would be a waste of money and a drain on the economy.
HRL Morrison & Co's Lib Petagna has continued to sell down his stake in Infratil as he scales back his role with the investment bank managing the listed infrastructure investor.
Brokers are picking Fisher & Paykel Healthcare, Diligent and Infratil to be among the NZX's top-performing stocks in 2016.
Infratil, the investment company managed by Wellington-based investment bank Morrison & Co, posted a 14 percent gain in first-half pretax earnings.
The recent rally in Z shares convinced Infratil and the Super Fund that it was time to sell.
Infratil will book a profit of $392m on the sale of its remaining 20pc stake in Z Energy.
Infrastructure investor Infratil says it'll be taking a more wary approach to potential new acquisitions.
New Zealand shares rose yesterday, heading back towards a record high after a two-day slide.
A new service from Fiji Airways will allow Wellingtonians to escape twice a week to the tropics from next June.
Infratil will return $120m to shareholders as a special dividend after it sold its Australian energy assets for a net $670m.
Check out a snapshot of some of the stellar performers on the New Zealand sharemarket this year, as it surged ahead breaking new records.
Infratil posted a 5.3pc drop in pretax earnings, meeting guidance, on a weaker contribution from Trustpower and Infratil Energy Australia Group.
Infratil, the Wellington-based infrastructure investor, has sold its unprofitable Glasgow Prestwick Airport to the Scottish government for 1 British pound (NZ$1.98).
Infratil and NZ Super Fund are both buying up big stakes in listed retirement village operator Metlifecare.