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NZ Post to move to 3-day deliveries in urban areas from 2015 as volumes slide
Oct. 23 (BusinessDesk) - New Zealand Post, the state-owned postal service, will cut urban deliveries to three days a week from six starting in 2015 under an agreement with the government to sustain the business in the face of declining volumes. Under a change to NZ Post’s deed...
Contact’s Te Mihi station delay offset by Cook Strait cable gains
Oct. 23 (BusinessDesk) – Contact Energy will only get six instead of an expected nine months’ benefit from electricity generated at its new Te Mihi geothermal power station, but the delay is offset by gains for the generator-retailer from restoration of the Cook Strait cable to n...
Kiwi Income sells Queen St building to Australian firm
By Paul McBeth Oct. 23 (BusinessDesk) - Kiwi Income Property Trust, the biggest listed property investor, will sell its office building at 205 Queen Street in a two-stage deal to a company associated with privately held Brisbane-based Bloomberg Incorporation. The trust’s mana...
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