Methven says 1Q sales, earnings up
By Gavin Evans Oct. 31 (BusinessDesk) - Shower and tapware designer Methven says the new financial year has started well with a 6 percent lift in September quarter revenue and net profit growth for the period of $560,000. The company, which has added China to its internatio...
Tilt commits to Dundonnell development, lifts earnings
By Gavin Evans Oct. 31 (BusinessDesk) - Tilt Renewables is pressing ahead with its A$560 million Dundonnell project after securing another offtake agreement for the wind farm in Victoria. The unnamed “investment grade” counterparty will take 50 percent of the project’s outp...
Winter energy payments enough to power all vulnerable households - Mercury
By Gavin Evans Oct. 30 (BusinessDesk) - Better targeting of the government’s winter energy subsidy could meet all the electricity costs of the country’s most vulnerable 100,000 households, Mercury NZ says. The power retailer says more must be done to assist the country’s lo...
Govt provides KiwiRail $35M to keep electric freight service
By Gavin Evans Oct. 30 (BusinessDesk) - The government has provided KiwiRail an extra $35 million to restore its fleet of ageing electric locomotives on the North Island’s main trunk line. The money will be used to refurbish the 30-year-old trains during the next four years...
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