Trustpower earnings dip on weak electricity demand, marketing costs
By Pattrick Smellie April 29 (BusinessDesk) - Weak prices for wholesale electricity in New Zealand and higher marketing costs saw Tauranga-based integrated energy and telecommunications utility Trustpower's operating earnings fall 1 percent in the year to March 31 in what is l...
Z cleared to buy Caltex assets, must sell 20 petrol stations
By Pattrick Smellie April 29 (BusinessDesk) - Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coord...
KiwiRail invited to run new Wairoa-Napier log train
By Pattrick Smellie April 28 (BusinessDesk) - The Hawke's Bay Regional Council has amended its bid to reopen the railway between Napier and Wairoa by proposing that KiwiRail run the service as well as maintain the tracks under a proposal signed off in a closed-doors council me...
Supreme Court rejects smelter's bid to challenge $20m lieu days decision
By Pattrick Smellie April 27 (BusinessDesk) - The Supreme Court has rejected an application by the operator of the Tiwai Point aluminium smelter to challenge a High Court decision requiring it to stump up some $20 million in back-pay after a complaint from the smelter workers'...
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