CeresNZ, the Christchurch-based unit of American firm Ceres Environmental Services, says it has a “strong interest” in buying Mainzeal Property and Construction from the receivers. CeresNZ plans to have preliminary talks with the receivers, betting that the rebuild of Christchurch provides a role for the “highly skilled people within Mainzeal,” according to a statement posted on the Scoop website. Mainzeal, …

New Zealand shares rose, led by network company Chorus after the government pushed back draft plans to regulate its prices pending a wider review. Summerset Group rose to a new record on optimism about returns from retirement villages. The NZX 50 Index gained 30.48 points, or 0.7 percent, to 4225.72. Within the index, 26 stocks rose, 17 fell and seven …

The New Zealand dollar is heading for a 1.2 percent fall against the greenback over the course of the week after the US currency rallied following a warning from European Central Bank boss Mario Draghi against the strength of the euro and weak local employment data. The kiwi traded at 83.42 US cents at 5pm in Wellington from 83.05 cents …

China Northern Locomotive and Rolling Stock Industry Corp easily outbid KiwiRail’s Hillside workshops in tenders to supply new rolling stock, the Auditor-General says in ruling out an investigation of the contracts. The Auditor-General reviewed documents dating back to 2005 after Labour Party and Dunedin South MP Clare Curran last August asked the body to investigate four purchases of rolling stock …

nvestors offered to buy more than six times the amount of inflation-indexed bonds on offer in the New Zealand Debt Management Office’s first sale of the securities this year. The government sold $200 million of the September 2025 bonds, which are adjusted for movements in the consumer price index, at a weighted average yield of 1.5014 percent. It received 64 …

The lowest price of broadband internet access is less important than ensuring consumers move as quickly as possible to high-speed fibre-based services, says Telecommunications Minister Amy Adams. “I don’t think the over-arching criteria in this is ‘what is the cheapest option’,” Adams told BusinessDesk. “If that was the case, we’d be sticking with dial-up. I don’t think you’d find any …

Wellington International Airport, which is co-owned by Infratil and Wellington City Council, denies it’s extracting excessive profits and says the Commerce Commission has used a flawed model in assessing the transport hub’s returns. easy ways to make money The airport’s effective rate of return is 8.1 percent, within the regulator’s tolerance and has cheaper passenger landing charges than Auckland and …

Shares in telecommunications network operator Chorus jumped 12 percent after Communications Minister Amy Adams shunted out threatened price controls until the end of 2015 in a reprieve for the taxpayer-subsidised investors in the national fibre network. spy app for android The stock climbed to $3.20 in early trading on the NZX on turnover of $3.2 million from $2.86, recovering much …

Wellington International Airport, which is co-owned by Infratil and Wellington City Council, is extracting excessive profits by targeting higher returns than it should, according to the Commerce Commission. The transport hub is likely to recover between $38 million and $69 million more than it needs to for a reasonable return between 2012 and 2017, the antitrust regulator said in a …

Guinness Peat Group, the investment firm winding itself down, netted A$48.4 million from the exit of two Australian investments this week. The company sold its 47 percent stake in aluminium fabrication group Capral and its 7.7 percent holding in property group AV Jennings in on-market sales, it said. The Capral investment was sold for A$40.4 million at 22 Australian cents …