UPDATE: Z, BP, Waitomo challenge ComCom claims on excess returns

UPDATE: Z, BP, Waitomo challenge ComCom claims on excess returns
Gavin Evans
(Adds comment from BP, Mobil, Waitomo throughout.) By Gavin Evans Sept. 16  – Z Energy, BP and Waitomo Group have challenged the Commerce Commission’s claims that a lack of competition in the fuel sector is delivering participants excess returns. Z Energy, the country’s biggest fuel retailer, says it has discovered a number of inaccuracies in the commission’s draft findings on profitability, including a misrepresentation of Z’s 2016-2018 rate of return as about 22 percent, about double Z’s independently reviewed calculations of about 1...

More Infrastructure

Cloudfunding: what next for Auckland events centre
Policy

Cloudfunding: what next for Auckland events centre

The Crown offered to sell The Cloud for $1, BusinessDesk understands.

Court funding miss ‘undermines market confidence’
Finance

Court funding miss ‘undermines market confidence’

Plenary and Infrastructure NZ wrote to ministers over PPP ‘disappointment’.

Oliver Lewis 17 Sep 2025
The 'little thing' Infratil brings to its investments
Infrastructure

The 'little thing' Infratil brings to its investments

CEOs may not like it, but the returns are undeniable.

Auckland housing project withdrawn from fast-track
Policy

Auckland housing project withdrawn from fast-track

The developer plans to lodge a fresh application after draft decline.

Oliver Lewis 16 Sep 2025