Competition regulator the Commerce Commission has confirmed that gas distribution network owner Vector will have to cut its prices by 18 percent, and cut its wholesale gas transmission charges by 29.5 percent. The final determinations are in line with earlier drafts, and remain the subject of a High Court merits appeal led by Vector and supported by a range of …

Environment Minister Amy Adams has unveiled proposals for the most sweeping amendments to environmental and resource management law in a generation, including a much greater role for central government to direct local government decision-making. At the heart of the proposed changes to the 22-year-old Resource Management Act is a desire to see community input into appropriate resource use occurring at …

Guinness Peat Group’s shareholders will see a cash return once the investment firm has been rebranded into its biggest asset Coats, and the UK threadmaker is standing on its own two feet. The London-headquartered firm is firmly focused on getting rid of its last five assets and dealing with its UK pensions facing a shortfall in funding as it moves …