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Vector

NZ sharemarket eases as small stocks take a hit

NZ sharemarket eases as small stocks take a hit
Wellington, Oct 19 NZPA - The New Zealand sharemarket eased today as several smaller stocks slumped significantly, led by coal miner Pike River Coal's 11 percent decline after it again cut production forecasts.

Vector improves earnings despite subdued demand

Vector improves earnings despite subdued demand
Wellington, Aug 27 NZPA - New Zealand's regulatory environment is not conducive to investment, Vector chief executive Simon Mackenzie says.

Vector improves earnings despite subdued demand

Vector improves earnings despite subdued demand
Wellington, Aug 27 NZPA - Energy company Vector today reported a 4.7 percent increase in underlying net profit after tax of $172.6 million despite subdued demand in the year ended June 30.

NZ sharemarket builds on early gains

NZ sharemarket builds on early gains
Wellington, July 20 NZPA - The New Zealand sharemarket turned its back on three consecutive days of decline, building momentum after an early small gain to close up more than 1 percent.

Foodstuffs head to join Fletcher Building board

Foodstuffs head to join Fletcher Building board
Wellington, June 15 NZPA - Fletcher Building has appointed the head of Foodstuffs, Tony Carter, to its board as an independent director starting from September 1.

Vector and Transpower agreement over Akld region network

Vector and Transpower agreement over Akld region network
Wellington, June 15 NZPA - Auckland lines company Vector and national grid operator Transpower have signed a conditional security of supply agreement covering the greater Auckland region, which has seen a number of serious power outages in recent years.

Vector sees gain from tax changes

Vector sees gain from tax changes
Wellington, June 15 NZPA - Energy distribution and fibre optic network company Vector is estimating a rise in after tax net profit of $20 million in the year to June 30 as a result of tax changes in the budget.

Strong start by NZ sharemarket peters out

Strong start by NZ sharemarket peters out
Wellington, May 11 NZPA - New Zealand shares closed a touch weaker today despite some strong gains for smaller stocks, as investors turned cautious while global markets lurched.

Vector customer numbers up, reaffirms guidance

Vector customer numbers up, reaffirms guidance
Wellington, May 11 NZPA - Infrastructure company Vector, which owns the Auckland electricity distribution network, saw a small increase in gas and electricity customer connections for the nine months ended March 31.

Lower Borrowing Costs Help Vector

Lower Borrowing Costs Help Vector
Wellington, Feb 26 NZPA - Infrastructure company Vector lifted half year net profit from continuing activities 11.6 percent to $101 million, helped by lower borrowing costs.

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