Chief executive Malcolm Johns said the capital injection would speed up investment in renewable generation.
Business
Monday 7:02pm
4:31
The last week of the corporate reporting season is underway with more than 20 companies yet to report their results to the December 31 balance date.
Monday 12:30pm
Anna Breman said inflation expectations have been rising among economic forecasters and businesses - something she is not happy about.
Sun, Feb 22
Trade Minister Todd McClay says any reduction is positive, but shifting US policy means uncertainty was far from over.
Sat, Feb 21
2:31
Kelly Eckhold, chief economist at Westpac, said it was likely that all else being equal, pay rises this year would be lower.
Fri, Feb 20
Labour is questioning the value of the spending, while Justice Minister Paul Goldsmith said the contractors helped accelerate policy work before the group’s early closure.
Thu, Feb 19
The Government said it would axe surcharges by May to "put money back into Kiwi's pockets" but an .
Three tickets split Saturday's $15 million powerball jackpot, each pocketing $5.08 million.
"We would be completely full right now and we've got, maybe, a quarter of the amount of tables we'd normally have."
If your neighbour's property looks like a mess, that could make it harder to get a premium price for your property.
Follow 1News' live updates as the Reserve Bank announces its decision on the official cash rate (OCR).
Wed, Feb 18
The company engaged in repeated sales to an elderly woman suffering from dementia, the Commerce Commission said.
The filings come amid debate in Florida over a state bill to name the Palm Beach airport after Trump.
Expedia’s 2026 Air Hacks reveals the best times for affordable flying – and some flying pet peeves reported by Kiwis.
We all know poorly designed chairs cause physical strain, but here’s why poorly designed workplaces can be so mentally draining.
Life
In an industry where diners rarely question high prices of French haute cuisine or Japanese omakase, Chinese restaurateurs often contend with resistance in getting customers to pay fine-dining tabs.
Tue, Feb 17
Food prices have risen 4.6% annually, according to StatsNZ.
After being removed last year in an effort to make packaging clearer, Griffins said New Zealanders had "made themselves heard" on the matter.
The fortunes of sellers and house hunters in the South Island are rapidly diverging from their northern counterparts.
The card was designed by Atsuko Nishida for a 1998 contest. Only a few dozen are believed to exist, and Paul's card is believed to be the only one with a quality rating of 10.
There are high hopes that earnings will start to reflect the turnaround in the economy.
Mon, Feb 16
Andrew Eagles said he didn’t accept the contention that liquefied natural gas would smooth out the highs in electricity prices.
Sun, Feb 15
Foodstuffs and Woolworths New Zealand say many Kiwi shoppers are choosing home-brand supermarket products to cut grocery costs.
Sat, Feb 14
Between January and October 2023, Fiordland Cruises took crayfish valued at up to $244,500 and served them to paying guests onboard for lunch.
Thu, Feb 12
Is this the end for snail mail? Here's what you need to know about how our postal service is changing.
