Sealord, New Zealand’s second-largest fishing company, says it needs to downsize its Nelson wetfish processing plant and may eliminate 97 jobs in the face of rising costs, flat prices and a still-strong kiwi dollar. “In its current form, the wetfish factory is not economically viable, and we need to make improvements now to ensure Sealord’s ability to grow and invest in …

The Inland Revenue Department will appeal a High Court decison which found in favour of Vector over a $53 million payment relating to the Auckland electricity and gas network operator’s access rights to its Auckland CBD tunnel. Last month, Justice John Faire the High Court in Auckland’s declared payments made by national grid operator Transpower in relation to the underground tunnel, known as NSTC, …

Oil companies are forging ahead with a contingency plan to import more fuels into the country to minimise disruption if planned industrial action at New Zealand Refining goes ahead next month. BP external relations manager Jonathan Mills, speaking on behalf of the industry, said they were currently assessing how much fuel across all grades is being held in storage at the refinery, on …