Proactive monitoring needed in banking, insurance, MPs told
By Jonathan Underhill | Wed, 19 Sep 2018
By Gavin Evans Sept. 19 (BusinessDesk) - More proactive monitoring of the country’s banking sector is needed given the lack of understanding in the community about insurance products and loans, MPs...
Near-record throughput at Marsden Point
By Jonathan Underhill | Tue, 18 Sep 2018
By Gavin Evans Sept. 19 (BusinessDesk) - The Marsden Point oil refinery processed a near-record 7.62 million barrels of oil during the past two months. Operator New Zealand Refining said its thr...
Independent valuation of Tilt 'very optimistic' - Infratil
By Jonathan Underhill | Tue, 18 Sep 2018
By Gavin Evans Sept. 18 (BusinessDesk) - Some of the assumptions in an independent valuation of Tilt Renewables have resulted in a “very optimistic” view of the firm’s long-term prospects, suitor I...
Electricity price caps may harm new entrants, investment - S&P
By Jonathan Underhill | Tue, 18 Sep 2018
By Gavin Evans Sept. 18 (BusinessDesk) - Retail price caps in the electricity market may disproportionately harm new entrant players while also discouraging investment, ratings agency S&P Global sa...
Auckland Airport eyes six-year bond offer
By Jonathan Underhill | Mon, 17 Sep 2018
By Gavin Evans Sept. 18 (BusinessDesk) - Auckland International Airport is planning to offer a six-year retail bond to help fund its ongoing expansion. The company didn’t specify the size of the...
Infratil, Mercury have strong incentive to complete Tilt takeover - appraisal
By Jonathan Underhill | Mon, 17 Sep 2018
By Gavin Evans Sept. 17 (BusinessDesk) - Infratil and Mercury NZ have a strong incentive to increase their stake in Tilt Renewables to 90 percent but may only raise their offer for the business if...
Nelson Airport earnings jump on strong passenger growth
By Jonathan Underhill | Mon, 17 Sep 2018
By Gavin Evans Sept. 17 (BusinessDesk) - Nelson Airport reported a 12 percent increase in full-year net profit on continued passenger growth and an increase in work through the aircraft maintenance...
Aurora faces court action for network reliability breaches
By Jonathan Underhill | Sun, 16 Sep 2018
By Gavin Evans Sept. 17 (BusinessDesk) - Aurora Energy faces court action after breaching its reliability standards for two years running. The company, which operates the electricity networks in...
Renewables, market power may force electricity generation market change - academic
By Jonathan Underhill | Fri, 14 Sep 2018
By Gavin Evans Sept. 14 (BusinessDesk) - New Zealand may have to consider changing its wholesale electricity market as increasing volumes of solar and wind energy make it harder to fund traditional...
Contact posts biggest customer loss in seven years
By Jonathan Underhill | Thu, 13 Sep 2018
By Gavin Evans Sept. 13 (BusinessDesk) - Contact Energy posted its biggest customer loss in seven years last month after its contract with a major commercial client came to an end. The firm, whi...
Power company shares rally on electricity review panel report
By Jonathan Underhill | Tue, 11 Sep 2018
By Gavin Evans Sept. 11 (BusinessDesk) - Shares in some of the country’s biggest generators jumped today after an independent review of the electricity sector found no evidence that they, or distri...
Electricity industry, govt need to do more on energy hardship - panel
By Jonathan Underhill | Tue, 11 Sep 2018
By Gavin Evans Sept. 11 (BusinessDesk) - Electricity providers, regulators and the government need to do more to help families struggling to meet their energy costs, an expert advisory panel says....