The Labour and Green parties have promised to rip up the existing electricity market model, returning to a centrally planned electricity system, a single state-owned power buyer, and breaking up the integrated generator-retailer electricity companies. Announced on the eve of the partial privatisation of state-owned MightyRiverPower, the announcements have a triple political purpose: to show a united Labour-Green front, a …

SLI Systems, a Christchurch-based developer of website search software whose clients include Warehouse Group and Qantas Airways, is considering raising $27 million next month selling shares to new and existing investors that will trade on the NZX. Trade Me founder Sam Morgan is among shareholders and its board is led by PowerbyProxi executive chairman Greg Cross and includes Xero chairman …

CSR, the ASX-listed building products maker, is talking down its role in New Zealand’s leaky buildings claim by the Ministry of Education after being named as one of a number of parties in the suit. The New Zealand government ministry, which oversees education policy and spending, yesterday lodged a claim in the High Court against cladding manufacturers that supplied materials …