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NZX Net Profit Rises 280 Pct, Boosted By Asset Sales

NZX Net Profit Rises 280 Pct, Boosted By Asset Sales
Wellington, March 1 NZPA - Stock exchange operator NZX nearly quadrupled net profit in 2009, and this year will launch its derivative market, representing "a fundamental turning point in the profile and prospects for the NZX Group".

Contact Energy Says Retail Electricity Prices Need To Rise

Contact Energy Says Retail Electricity Prices Need To Rise
Wellington, Feb 23 NZPA - Contact Energy says electricity retail prices need to rise, after reporting flat underlying earnings for the six months to the end of December.

Finance Company Failures Prompt Agency Merger

Finance Company Failures Prompt Agency Merger
Wellington, Feb 18 NZPA - The Companies Office, Securities Commission, and the NZX Disciplinary Tribunal could be merged into a new market conduct regulator because the existing agencies failed to protect investors from finance companies collapses, Commerce Minister Simon Power said today.

Govt Look At Market Regulation Mergers

Govt Look At Market Regulation Mergers
Wellington, Feb 18 NZPA - The Government says it is considering merging parts of the Companies Office, Securities Commission, and the NZX Disciplinary Tribunal into a new market conduct regulator.

Labour MP Takes Brownlee's Spot At Energy Conference

Labour MP Takes Brownlee's Spot At Energy Conference
Wellington, Feb 16 NZPA - Energy Minister Gerry Brownlee is being accused of avoiding questions by not speaking at an energy conference in Auckland today.

Clarification Of Trust Ownership Of Horizon Energy Needed

Whakatane, Feb 12 NZPA - A clause in its own trust deed has forced the Eastern Bay Energy Trust to abandon its attempted takeover of power lines company Horizon Energy - for now.

Iwi Wants More Info On Horizon Takeover

By Dave Williams of NZPA Wellington, Feb 10 NZPA - The Bay of Plenty iwi that blocked the Eastern Bay Energy Trust's bid to take over the local lines company says it is not opposed to the idea, but wants to know where the money is coming from.

Terse Words And Praise From Departing Green MP

Terse Words And Praise From Departing Green MP
By Chris Ormond of NZPA

Iwi Challenge Stalls Horizon Takeover

Wellington, Feb 10 NZPA - The Eastern Bay Energy Trust has parked its takeover offer for Horizon Energy Distribution while it seeks legal clarification on whether it can actually buy the remaining shares in the NZX-listed lines company, following a challenge by a Bay of Plenty iwi.

Electricity Network Projects To Reduce Uncertainty

Electricity Network Projects To Reduce Uncertainty
Wellington, Feb 8 NZPA - Fitch Ratings expects proposed investments by Transpower to lead to a deterioration in the national grid operator's credit profile, unless the Government is willing to inject more equity.

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