TrustPower, the electricity generator and retailer controlled by Infratil, generated less energy for fewer customers as competition remained intense in the first quarter. TrustPower generated 579GWh in the three months ended June 30, 4 percent below the same period a year earlier and 5 percent below expected long-term average production, reflecting lower North Island hydro and wind production, the Tauranga-based …

Hachette New Zealand, the local arm of the global publisher whose titles include biographies of Richie McCaw and Mark Todd, is to cease publishing locally with the loss of 12 jobs including its long-serving management team. The New Zealand company, which publishes locally under the Hodder Moa imprint, will continue as a marketing and sales office for the group’s international …

High-profile tax adviser and former Inland Revenue Department official Brent Gilchrist has been found guilty of six charges of helping orchestrate a fictitious invoice writing scheme that sought to route funds through Vanuatu as part of a tax avoidance scheme. In two judgments relating to different tax avoidance schemes, delivered by Justice Simon France, Gilchrist is characterised as an adviser …