FIRST CUT: Low hydro flows cut Meridian earnings, dividend still rises
By Pattrick Smellie Feb. 21 (BusinessDesk) - Meridian Energy, the renewables electricity generator and retailer, posted a 7 percent fall in first-half earnings as low inflows into its South Island hydro catchments reduced its electricity output. Earnings before interest, ta...
Regional rail funding announcement imminent as 'wall of wood' grows
By Pattrick Smellie Feb. 21 (BusinessDesk) - Extra funding to bring the Napier-Wairoa railway line back into full-time service appears imminent, given signals yesterday from KiwiRail chief executive Peter Reidy and the announcement on Friday of the first projects to get suppor...
KiwiRail operating earnings rise despite Kaikoura line outage
By Pattrick Smellie Feb. 20 (BusinessDesk) - Disruption to South Island rail services caused by the November 2016 Kaikoura earthquake masked a continuation in improved operating earnings from state-owned railway operator KiwiRail in the six months to Dec. 31. The company re...
Curran goes back to the well for Chief Technology Officer applications
By Pattrick Smellie Feb. 12 (BusinessDesk) - More than 60 applications have been received for the newly created central government role of Chief Technology Officer, but Digital Services Minister Clare Curran has decided none quite fitted the bill. Created, in part, at the u...
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