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Regulator tests retail pricing of major power firms
Infrastructure

Regulator tests retail pricing of major power firms

The country’s five biggest electricity retailers have been asked to explain how they set prices for their retail arms. The Electricity Authority has written to the firms – Genesis Energy, Contact Energy, Mercury NZ, Meridian Energy and Trustpower, seeking a detailed breakdown...

Gavin Evans 26 Aug 2020
NZX cyber-attack: new details
Infrastructure

NZX cyber-attack: new details

The cyberattack that took down the NZX's public website is thought to have come from China or Russia.

Pattrick Smellie 26 Aug 2020
Air NZ to sublet 'premium business class' waterfront offices as cuts bite
Property

Air NZ to sublet 'premium business class' waterfront offices as cuts bite

It’s premium business class all the way for potential tenants looking to upgrade to as much as 5,000 sqm of prime office space on Auckland’s waterfront.  Air New Zealand are looking to sublet as much as a third of their swanky, 15,240 sqm ‘hub’, in the Wynyard Quarter, as it l...

Brent Melville 26 Aug 2020
MARKET CLOSE: Network issue cuts bullish day short
Markets

MARKET CLOSE: Network issue cuts bullish day short

An upbeat session was cut short this afternoon as an internet connectivity issue halted trading on the NZX. Tourism Holdings had been leading the market higher on vaccine optimism. The S&P/NZX 50 Index was trading up 72.11 points, or 0.6 percent, at 11,993.18 just before 4pm w...

Dan Brunskill 25 Aug 2020