Browsing Tag
Auckland
14 posts
SkyCity Entertainment (ASX: SKC) agrees NZ$221m Grand Hotel sale as asset disposals approach NZ$300m
SkyCity Entertainment Group has signed a conditional agreement to sell The Grand Hotel in Auckland for NZ$221 million, bringing its announced property disposal programme to approximately NZ$295.5 million while regulatory approval and settlement remain outstanding.
Fletcher Building (ASX: FBU) reports stronger construction materials volumes as residential earnings weaken
Fletcher Building has reported improved first-quarter sales volumes across most of its building products businesses, but weakness in residential development and continuing uncertainty around construction activity leave its earnings recovery uneven.
EROAD (NZX: ERD) installs David Leach as CEO after major North American impairment
EROAD Limited has installed former Cin7 executive David Leach as Chief Executive Officer on October 12, completing a management reset after a difficult financial year dominated by a large North American impairment. He inherits a fleet technology platform with recurring revenue, improving Australian momentum and stronger liquidity, but a share price still close to its 52-week low.
GenusPlus Group (ASX: GNP) expands into New Zealand with up to NZ$65m telecoms acquisition
GenusPlus Group has agreed to acquire Universal Communications Group Holdings, adding telecommunications maintenance capabilities and exposure to Chorus while making a substantial portion of the purchase price contingent on earnings growth.
New Zealand’s rooftop solar record just jumped to 5.3MW, but what does JA Solar really gain?
JA Solar Technology has supplied 8,273 modules for Fisher & Paykel Healthcare’s 5.3 MW Auckland rooftop system, a record project whose strategic value extends far beyond its modest contribution to JA Solar’s global shipment volume.
Downer EDI (ASX: DOW) adds A$900m-plus utility work, but not every dollar is equally locked in
Downer has announced A$900m-plus of utility work, but options and panel allocations mean revenue certainty varies across the four major contracts.
Supply Network (ASX: SNL) lifts FY2026 profit 19% to A$47.7m as final dividend rises to 44c
Supply Network exceeded its annual revenue growth target and lifted profit faster than sales, but its premium ASX valuation makes continued market-share gains the next test.
Contact Energy, Lightsource bp reach financial close on NZ$305m Glorit solar farm
Contact Energy and Lightsource bp have financed the NZ$305 million Glorit solar farm. Explore its returns, construction risks and 2028 outlook now.
Bridgewest Ventures raises NZ$60.2m as New Zealand deep tech attracts offshore capital
New Zealand deep tech is undercapitalised. Bridgewest Ventures’ NZ$60.2m fund raise shows why offshore investors are circling.
Mercury NZ (ASX: MCY) shares climb as hydro surge lifts FY2026 EBITDAF guidance to NZ$1.05bn
Mercury NZ runs only renewables. Hydro inflows are well above average. EBITDAF guidance just got lifted to NZ$1.05bn. The mean reversion question is when, not if.