FIRST TAKE: Wet North Island winter, customer gains drive Mercury's 15% profit growth
By Pattrick Smellie Aug. 22 (BusinessDesk) - Mercury Energy ran its North Island hydro generation hard while southern competitors suffered a dry winter, helping boost the Auckland-based electricity generator and retailer's net profit in the year to June 30 by 15 percent, to $1...
Nats and Labour go head to head on road vs rail
By Pattrick Smellie Aug. 21 (BusinessDesk) - The contest of transport policies between the National and Labour parties has heated up again with Labour leader Jacinda Ardern announcing plans to introduce passenger rail services between Auckland, Hamilton and Tauranga a day afte...
NZ Steel in A$100M profit turnaround, future more secure
By Pattrick Smellie Aug. 21 (BusinessDesk) - Australian-owned New Zealand Steel achieved a A$100 million turnaround in underlying operating earnings in the year to June 30, following two years of deep cost-cutting, the sale of its Taharoa ironsands business, and a focus on dom...
NZ First seeks minimum wage at $20 an hour within three years
By Pattrick Smellie Aug. 18 (BusinessDesk) - New Zealand First is pledging to raise the minimum wage to $20 an hour within three years as part of a confidence and supply agreement to form a government after the Sept 23 election. The increase would be offset for employers wi...
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