Partially privatised electricity company MightyRiverPower saw electricity generation and sales fall in the last quarter of the financial year to June 30, although the decline was forecast in the company’s April prospectus. MRP listed on the NZX and ASX in May at $2.50 and was quoted this morning at $2.40. While sales to customers were down 3 percent on the …

New Zealanders have become more cautious about the use of credit and more likely to save following the global financial crisis, according to credit company Dun & Bradstreet. Some 39 percent of people said they are more likely to save money in the next three months compared to the same time last year, while 28 percent are less likely and …

The limited level of damage sustained by Wellington in the 6.5 magnitude earthquake on Sunday is unlikely to result in higher reinsurance costs, according to local insurers. The swarm of quakes over the past five days damaged just 35 buildings in the capital city, most of it minor, meaning Wellington corporates and the public sector could get back to business …