Napier Port beats FY forecast; monitoring log export outlook
By Gavin Evans | Tue, 19 Nov 2019
Full-year earnings at Napier Port Holdings beat the company’s prospectus forecast by 3.2 percent on record log volumes and as higher than projected refrigerated cargo volumes boosted container volumes...
Huawei still in no-man's-land as Spark presses ahead with 5G build
By Paul McBeth | Mon, 18 Nov 2019
Huawei Technologies is still on Spark New Zealand's list of go-to telecommunications kit suppliers, but won't keep waiting for the Chinese firm to get security clearance to build its 5G mobile network...
Electricity Authority stress testing to gauge supply risk
By Gavin Evans | Mon, 18 Nov 2019
Major power users and retailers buying electricity direct from the wholesale market will have to show they are aware of the potential risk to their supplies during a period of combined gas field shutd...
Steel & Tube shares slump on profit warning
By Jenny Ruth | Mon, 18 Nov 2019
Steel & Tube Holdings says its first-half results will be hit by at least a $2 million charge for debt write-offs and provisioning with the board planning to review carrying values in February ahe...
Trustpower signals $11 mln profit boost from metering sale
By Gavin Evans | Mon, 18 Nov 2019
Trustpower expects to boost full-year net profit by about $11 million following the sale of its metering business to Financial Corporation.The power generator and retailer didn’t disclose the sale pri...
Steel & Tube warns of further hit to first-half profit
By Jenny Ruth | Mon, 18 Nov 2019
Steel & Tube Holdings says its first-half results will be hit by at least a $2 million charge for debt write-offs and provisioning with the board planning to review carrying values in February ahe...
Southerners keep close watch on Northport proposals
By Paul McBeth | Fri, 15 Nov 2019
South Port New Zealand is keeping a close eye on the upper North Island supply chain study and wouldn’t be surprised if the rest of the nation’s ports come under the government’s microscope. The go...
Broadband providers to expand GCSB's cyber blanket
By Paul McBeth | Thu, 14 Nov 2019
The Government Communications Security Bureau’s malware-free networks programme will get rolled out to more businesses next year either directly with the intelligence agency or through several interne...
NZOG pledges strategy review after grumpy minorities reject Ofer deal
By Gavin Evans | Thu, 14 Nov 2019
New Zealand Oil & Gas has promised a review of the firm’s strategy after minority holders rejected a takeover by major shareholder Ofer Global. The 74 cents-a-share offer, being effected through a...