Rakon's board to discuss sell proposal later today
By Jenny Ruth | Fri, 29 May 2020
Rakon chair Bruce Irvine said the board will "consider the matters" raised in a letter from shareholders owning 14 percent asking that the company be put up for sale at a meeting later today. "The...
Light rail decision coming; Twyford won't discuss cost blowout
By Pattrick Smellie | Wed, 27 May 2020
Transport Minister Phil Twyford has confirmed a Cabinet decision on the Auckland light rail project will be made "shortly", countering a suggestion by New Zealand First leader Winston Peters yesterday...
Trustpower trims dividend, forecast for covid impacts
By Gavin Evans | Wed, 27 May 2020
Trustpower is picking a modest lift in operating earnings for the current financial year, reflecting dry conditions in the North Island and an expected increase in bad debts from the covid-19 crisis....
Marsden Point plans production halt in July, August
By Gavin Evans | Fri, 22 May 2020
The Marsden Point oil refinery is to stop production for several weeks from late July to help clear surplus fuel stocks around the country. The plant has been operating at about half capacity the p...
Two hyperscale data centres for Auckland – Infratil
By Gavin Evans | Thu, 21 May 2020
CDC Data Centres plans to develop two “hyperscale” centres in Auckland to meet demand from existing customers and to extend its business into New Zealand. The Australian firm, 48 percent-owned by I...
Liquidity test to trigger protection for minnow power suppliers
By Gavin Evans | Tue, 19 May 2020
Power retailers seeking relief from lines charges under the Electricity Authority’s new protection scheme will have to demonstrate a 25 percent increase in their overdue billings compared with pre-cov...