Genesis signals 15% 1H earnings decline, maintains FY guidance
By Gavin Evans | Thu, 23 Jan 2020
Genesis Energy says first-half operating earnings will be down about 15 percent on the previous year’s record result due to a combination of low hydro storage and high fuel costs.The country’s biggest...
Industry faces more cuts to emission supports
By Gavin Evans | Wed, 22 Jan 2020
Further cuts are planned to the protection energy-intensive firms receive against rising carbon costs, but no decisions are expected this year.The government surprised heavy industry late last year by...
Electric Kiwi passes 50,000 customers, urges faster reform
By Jenny Ruth | Wed, 22 Jan 2020
Power retailer Electric Kiwi is celebrating having signed up its 50,000th customer five years after its first but is complaining at the slow pace of implementing last year's electricity price review r...
PaySauce to raise $5.8m, convert notes to equity
By Jenny Ruth | Tue, 21 Jan 2020
PaySauce plans to raise $5.8 million from a one-for-seven pro-rata renounceable rights offer to help expand its New Zealand presence and its push into other markets. The payroll software provider i...
TIL downgrades earnings by up to 40%, suspends first-half dividend
By Jenny Ruth | Fri, 17 Jan 2020
TIL Logistics is expecting first-half operating profit will be down as much as 40 percent and has suspended its first-half dividend.The freight and logistics company said it expects earnings before in...
Gentrack loses investor support with vague downgrade
By Paul McBeth | Thu, 16 Jan 2020
Gentrack shares continued their downward spiral after yesterday’s savage sell-off when almost 5 percent of its shares changed hands.The stock dropped to as low as $2.60 and was recently down 7.6 perce...
