News in Brief

News in Brief
Genesis gets fast-track greenlight for Tekapo power scheme
News in Brief

Genesis gets fast-track greenlight for Tekapo power scheme

Genesis Energy has received fast-track approval to continue operating and maintaining the Tekapo hydro power scheme.It lodged the fast-track application in April 2025 for the scheme, which includes Tekapo A and B power stations and substations, and the canal system. Genesis has o...

Staff reporters 03 Nov 2025
Rising volumes push Port of Tauranga profit outlook higher
News in Brief

Rising volumes push Port of Tauranga profit outlook higher

Port of Tauranga expects its full-year net profit after tax to fall somewhere between $137 million and $147m.The NZX-listed port company’s container volumes increased 9% to 319,649 TEUs in the first three months to Sept 30.Total trade increased 5.9% in volume compared to the same...

Staff reporters 31 Oct 2025
ASB extends North Wharf HQ lease, lifting total value to $566m
News in Brief

ASB extends North Wharf HQ lease, lifting total value to $566m

The OIO has approved ASB's request to extend its lease by nine years.

John Anthony 31 Oct 2025
SkyCity reiterates earnings guidance
News in Brief

SkyCity reiterates earnings guidance

SkyCity Entertainment Group has reiterated its annual earnings guidance but chief executive Jason Walbridge said the broader economic environment remained challenging.The company’s annual meeting held in Auckland today heard Walbridge more upbeat about 2027 than 2026.“FY26 is lik...

Staff reporters 31 Oct 2025