Auckland Airport irons out confusion over Govt review

Auckland Airport irons out confusion over Govt review
Investors were worried regulations would apply to airport retail revenues. (Image: Supplied)
Gregor Thompson
Auckland International Airport shares rose on Thursday after the company clarified some confusion related to a review of the Commerce Act. In December, the Government announced that the Ministry of Business, Innovation and Employment (MBIE) would review the Commerce Act to ensure it remains fit for purpose.Auckland Airport told the market on Thursday that it had requested MBIE’s views on whether airport services were in the review’s remit.  In response to that request, MBIE said it is not considering legislative changes th...

More Markets

NZX rallies past 13,000 points after RBNZ rate cut
Markets Market Close

NZX rallies past 13,000 points after RBNZ rate cut

The NZ sharemarket was up after results from Fletcher Building and Spark.

Major SkyCity investor ready to vote against directors
Markets

Major SkyCity investor ready to vote against directors

Allan Gray says an equity raise now would show the board to be poor stewards of capital.

Spark resets future dividend ratios, unveils new strategy
Markets

Spark resets future dividend ratios, unveils new strategy

Spark promises a return to basics and 'annuity-like' returns.

‘One of the most challenging periods in Spark’s history’
Markets

‘One of the most challenging periods in Spark’s history’

Spark has reported another big fall in profit, with reported net profit down 17.7% to $260 million, or a 33.6% fall to $227m, adjusting for asset sales and other one-offs.“The past year has been one of the most challenging periods in Spark’s history, as we navigated economic head...