Record gas volumes traded amid increased uncertainty

Record gas volumes traded amid increased uncertainty
Gavin Evans
By Gavin Evans Aug. 7 (BusinessDesk) - Volumes traded on the spot gas market jumped to a record last month as industrial users locked in supplies for the rest of the year. Trades for 1.49 petajoules of gas were booked on emsTradepoint last month, an all-time high for the six-year-old market and 43 percent higher than the previous record set in August 2017. General manager Quintin Tahau noted that more than three-quarters of that volume was booked in block trades through to the end of the year. “I can only speculate that there are so...

More Retail

The quiet rise of ‘ghost brands’
Retail

The quiet rise of ‘ghost brands’

About 90% of the 80-odd Pita Pit stores now have virtual brands operating in them.

‘Unusual’ volume of CCCFA changes in focus
Finance

‘Unusual’ volume of CCCFA changes in focus

Select committee mulls proposed changes to CCCFA, to report recommendations Oct 20.

Andy Macdonald 16 Sep 2025
Two more Smiths City stores close as liquidation sale winds up, massive discounts
Retail

Two more Smiths City stores close as liquidation sale winds up, massive discounts

Embattled retailer Smiths City has closed two more stores as its fire sale draws winds up this weekend.Administrators Colin Gower and Diana Matchett of BDO Christchurch on Friday said staff numbers will significantly reduce from next week, with remaining staff to assist with deli...

Staff reporters 12 Sep 2025
Retail card spending climbs for third month
Retail

Retail card spending climbs for third month

The total amount spent using electronic cards was $9.3 billion.

Chido Machingura 12 Sep 2025