Listed Companies
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Infrastructure
Contact steam to heat Norske Skog pellet business secured
By Gavin Evans July 19 (BusinessDesk) - Norske Skog’s wood pellets business has secured a steam supply from Contact Energy for its Taupo plant. The new energy supply for Nature’s Flame will largely come from downstream of the Tenon sawmill, which Contact has supplied with g...
Law & Regulation
Air NZ to amend booking engine after lawyer’s complaint
By Victoria Young July 19 (BusinessDesk) - Air New Zealand will make changes after a lawyer complained to the Commerce Commission over scarcity pricing tactics. Barrister Michael Wigley - whose criticism over opt-out insurance led to a formal warning for the airline in 201...
Infrastructure
Mild weather saps Vector's June-qtr volumes
By Gavin Evans July 19 (BusinessDesk) - Mild weather in May and June left Vector’s power and gas volumes for the June year marginally lower than a year earlier. The firm, which benefited from a colder winter in the first half, had said that good electricity volumes during t...
Services
RBNZ says no change in approach on Resolution Life's AMP purchase
By Jenny Ruth July 18 (BusinessDesk) - The Reserve Bank says it hasn’t changed its approach to applications for changes of ownership of life insurance companies and nor has there been any change in New Zealand insurance law or regulations since October 2018. That was when A...
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