Conservation Minister Dr Nick Smith has rejected a proposal to build a $180 million tunnel in Fiordland and Mt Aspiring National Parks by a company aiming to halve travel times for the 420,000 people that visit Milford Sound each year. The five-metre diameter, 11.3-kilometre long, one-lane bus tunnel was proposed by Milford Dart Limited to run between the Dart Valley, …

PropertyIQ NZ, a joint venture between state-owned Quotable Value and Australia’s RP Data, is seeking clearance to buy local geospatial data firm Terralink International. The property information company has applied to the Commerce Commission for clearance to buy the business and assets of Terralink in an effort to boost scale and its ability to compete with global competitors, according to …

Xero, the cloud-based accounting company, says it is complying with NZX continuous disclosure rules and a 23 percent slump in its shares in the past six days may reflect volatility as a result of a tightly held register. Xero is the second NZX-listed tech company in as many days to get a ‘please explain’ notice from NZX regulators following a …