Infrastructure
Waitomo favours more open wholesale fuel contracts
By Gavin Evans Aug. 21 (BusinessDesk) - Waitomo Group says it would welcome greater freedom in fuel contracting proposed by the Commerce Commission, but it has doubts about the returns the regulator believes smaller retailers are making. The discount fuel retailer, previous...
UPDATE: Fletcher directors enjoy pay rise as earnings fall
(Updates share price in fourth par, updates with further details from 7th par) By Jenny Ruth Aug. 21 (BusinessDesk) - Fletcher Building’s managing director and other directors have all enjoyed pay increases despite the company’s earnings from core operations mostly falling...
Stable ETS important for Marsden Point
By Gavin Evans Aug. 21 (BusinessDesk) - The top-quartile emissions performance of the Marsden Point oil refinery is a national advantage and one the firm will be working to maintain when it enters the emissions trading scheme in 2023, chief executive Mike Fuge says. Refinin...
UPDATE AND CORRECT: Spark shares rally as cost-cutting drive pays off
(Fixes profit figures in 2nd paragraph, updates and recasts on share price, adds broker comment in 8th paragraph) By Paul McBeth Aug. 21 (BusinessDesk) - Spark New Zealand shares hit an eight-month high after the country's biggest telecommunications company lifted annual pr...
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