Australia’s largest datacentre operator NextDC’s shares dive as Melbourne expansion delayed
Published . Updated .
NextDC tells investors plans to double the size of its west Melbourne datacentre have hit obstacle after community objects to 22 metres-high power poles Get our breaking news email , free app or daily news podcast Australia’s largest datacentre operator has been forced to delay the controversial expansion of its M3 site in Melbourne’s west amid a pause in construction of new 22m power poles following community protest. On Wednesday, NextDC told the Australian Stock Exchange that delays to electricity provider Jemena’s upgrade of the power poles – essential to delivering the increased electricity required by the expanded West Footscray site – would mean the expansion would be pushed back to the 2027/2028 financial year. Continue reading...
Directly affected
- No company is named in this report.
Indirectly affected
- JPM JPMorgan Chase
Bank profits move with lending and interest rates
- BAC Bank of America
Bank profits move with lending and interest rates
- WFC Wells Fargo
Bank profits move with lending and interest rates
- C Citigroup
Bank profits move with lending and interest rates
- GS Goldman Sachs
Bank profits move with lending and interest rates
- MS Morgan Stanley
Bank profits move with lending and interest rates
- XLF Financial Select Sector SPDR
A fund of financial companies
- KBE SPDR S&P Bank
A fund of bank stocks
- KRE SPDR S&P Regional Banking
Regional banks are sensitive to deposits and rates
Price reaction, T-5 to T+3
NextDC has told investors that its plans to double the size of its west Melbourne datacentre has hit an obstacle in community objections to 22m high power poles Australia’s largest datacentre operator has been forced to delay the controver…
Source: The Guardian
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