Fuge: Liz Truss a lesson for those backing market intervention

Fuge: Liz Truss a lesson for those backing market intervention
Contact's Taranaki Combined Cycle Plant closure in 2024 is still the right move, says CEO. (Image: Contact)
Ian Llewellyn
Contact Energy’s boss Mike Fuge rates the chance of regulatory intervention in the electricity sector as “moderate to low” despite an ongoing clamour about the market and major companies' profits.Speaking to BusinessDesk after the company’s shareholder meeting on Wednesday, Fuge defended the sector’s performance saying it delivered stable and secure electricity with prices rising at a slower pace than general inflation.Ministers have brushed off calls for government intervention, including windfall taxesFu...

More Markets

NZME chief financial officer David Mackrell resigns, to join Sky TV
Markets

NZME chief financial officer David Mackrell resigns, to join Sky TV

NZME is losing one of its long-established executives as he switches to the top table at Sky Television.NZME chief financial officer David Mackrell has resigned and will join Sky as its new chief financial officer in January, the two publicly listed companies have revealed in sep...

Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Simon Robertson 05 Jul 2025
Tourism Holdings stalls as NZ sharemarket ends week on high
Markets Market Close

Tourism Holdings stalls as NZ sharemarket ends week on high

The NZ sharemarket bounced back as large-cap stocks balanced gains and losses.

Tom Raynel 04 Jul 2025