Business
Infrastructure
Meridian blamed for $80m of power cost over-charging
Electricity consumers may have been over-charged by as much as $80 million in December after generators charged more for power than usual when hydro-lakes were full and spilling, the Electricity Authority says. Meridian Energy, the country’s biggest generator, chose to reduce...
Infrastructure
Unexpected slide in Pohokura gas production
Output from the country’s biggest gas field has fallen about 15 percent the past six weeks and operator OMV is yet to establish why. The offshore Pohokura field, the subject of a series of maintenance shuts during the past two years, delivered about 172 terajoules of gas yeste...
Retail
Changes brewing in coffee market
Flat white lovers aren't drinking any less as a result of the covid-19 crisis, but the pandemic will have impacts on the coffee market as consumers adapt their sources of caffeine, says Rabobank. The agribusiness banker said closure of food service outlets and offices during c...
Infrastructure
Rakon shares climb as earnings beat guidance
Rakon shares rose 9.6 percent after the telecommunications component maker reported better than expected earnings and said the outlook, while murky, was generally positive.The company reported underlying earnings before interest, tax, depreciation and amortisation of $14.8 millio...
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