Transpower releases 2017/18 Interim Report

Press Release – Transpower

Transpower New Zealand today released its Interim Report and Review for the 2017/18 financial year. Read more »

Air NZ’s Carter defends airline’s independence

Article – BusinessDesk

Air NZ’s Carter defends airline’s independence after Shane Jones laments axing of routes Read more »

Public submissions open on the State Sector Reform Bill

Press Release – Office of the Clerk

The Governance and Administration Committee has opened for public submissions on the State Sector and Crown Entities Reform Bill. The broad policy of the bill is to provide for greater integration and accountability of the State services. This … Read more »

TVNZ beats full-year earnings targets in first six months

Article – BusinessDesk

Feb. 28 (BusinessDesk) – State-owned broadcaster Television New Zealand reported a 17 percent improvement in operating earnings for the six months to Dec. 31. Read more »

Transpower seeks up to $125 mln in new bond

Article – BusinessDesk

Feb. 26 (BusinessDesk) – State-owned national grid operator Transpower is seeking up to $125 million through the sale of a new bond ahead of a $325 million maturity later this year. Read more »

NZ Post pays $2.5M interim dividend issues warning

Article – BusinessDesk

NZ Post pays $2.5M interim dividend while warning year-end targets will be ‘challenging’ Read more »

KiwiRail working hard to get freight moving again

Press Release – KiwiRail

KiwiRail is working alongside NZTA as quickly as possible to re-open the rail line and State Highway between Blenheim and Christchurch after it was hit by the sting of Cyclone Gita. Read more »

UPDATE: Air NZ posts 7.4% decline in 1H pretax profit

Article – BusinessDesk

UPDATE: Air NZ posts 7.4% decline in 1H pretax profit as fuel prices bite Read more »

Extended Tekapo hydro outage a ‘crying shame’

Article – BusinessDesk

Feb. 21 (BusinessDesk) – Genesis Energy has been forced to extend its outage at the Tekapo-B hydro power station until June, cutting off a supply of water that would otherwise run through three of Meridian Energy’s hydro power stations on the multi-station … Read more »

KiwiRail operating earnings rise despite Kaikoura outage

Article – BusinessDesk

Feb. 20 (BusinessDesk) – Disruption to South Island rail services caused by the November 2016 Kaikoura earthquake masked a continuation in improved operating earnings from state-owned railway operator KiwiRail in the six months to Dec. 31. Read more »

Strong Half Year result despite challenges

Press Release – KiwiRail

KiwiRail has posted a positive half year result with an operating surplus 39% ahead of the previous year, despite a challenging six months. Read more »

Kordia boosts media and broadcast division

Press Release – Kordia

Kordia New Zealand, a leading provider of mission-critical technology solutions, has initiated a revamp of its media and broadcast division, including its leadership, as the company seeks to maximise on growing opportunities in the media space. Read more »

Meridian signs deals with Tilt, Total Eren

Article – BusinessDesk

Feb. 1 (BusinessDesk) – Meridian Energy has inked three new supply contracts in Australia giving the owner of the Powershop energy retailer more renewables supply from wind farms and a solar farm. Read more »

Remarks to the Transport and Infrastructure Select Committee

Press Release – Solid Energy NZ


New Callaghan Board Chair appointed

Press Release – New Zealand Government

Research, Science and Innovation Minister Megan Woods today has announced that Pete Hodgson has been appointed as the new Chair of the Callaghan Innovation Board. Read more »

Action to stop the closure of Newtown Post shop/Kiwibank

Press Release – Amanda Barber

Outraged residents of Newtown have launched a petition which implores State-Owned Enterprises Minister, Winston Peters, to save the combined Newtown Post Shop branch and Kiwibank, and to convert NZ post back to a government agency that provides services. Read more »

Chorus connections fall, data usage expected to grow in 2018

Article – BusinessDesk

Jan. 18 (BusinessDesk) – Chorus lost 23,000 fixed-line connections in the final three months of 2017, shedding lines at the same pace as the September quarter when it embarked on a marketing campaign extolling the virtues of fixed-line service. Read more »

Open access to weather data review released

Press Release – Ministry of Business Innovation and Employment

The Ministry of Business, Innovation and Employment has released the report Weather Permitting: Review of open access to weather data in New Zealand ( Weather Permitting ). Read more »

Genesis generator fault won’t hit FY18 guidance

Article – BusinessDesk

Dec. 21 (BusinessDesk) – One of Genesis Energy’s three generators in Tekapo suffered a fault last month and won’t return to full capacity until early March, though the company hasn’t altered full-year guidance. Read more »

Contact Energy to sell AGS to Gas Services New Zealand

Press Release – Contact Energy

Contact Energy Limited (Contact) has announced the sale of its Ahuroa Gas Storage facility (AGS) to Gas Services New Zealand (GSNZ) for NZ$200 million, while retaining the rights to use the facility to meet its future needs. Read more »

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