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04:46 JBWere's Bernard Doyle on NZ's productivity recession, population growth driving economic growth & advice for NZ sharemarket investors to reduce their holdings

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  • New Zealand service activity rises to 57.3 in August

    17 September 2017 11:28 PM 4

    WELLINGTON, Sept 18 (Reuters) - Growth in New Zealand's services sector accelerated in August, suggesting economic growth could pick up, a survey showed on Monday. The Bank of New Zealand-Business NZ's seasonally adjusted performance of services index (PSI) rose 1.3 points from the previous month to 57.3. Last week, the companion manufacturing survey

  • Scoop Business » Update on Marsden Point pipeline disruption

    17 September 2017 11:12 PM 1

    Ms Collins says top officials from government agencies have held further discussions today with Refining NZ, which owns the pipeline, the Supply Group, representing fuel companies, airlines and others. “The latest information I have is that aviation fuel supplies in Auckland remain of most concern, but that fuel supplies are sufficient for Auckland motorists

  • Airport fuel crisis hits thousands

    17 September 2017 11:12 PM 3

    Air New Zealand says around 2000 passengers a day will be hit by flight cancellations after someone digging up a kauri log damaged the only jet fuel pipeline between Northland's Marsden Point refinery and Auckland Airport. The damage, discovered on Thursday but revealed on Sunday, happened about 8km south of the refinery and will take up to two weeks

  • Scoop Business » UPDATE: NZ Refining, Air NZ shares fall

    17 September 2017 11:12 PM

    (Recasts on market reactions, adds comment from broker, economist, Air NZ) Sept. 18 (BusinessDesk) – New Zealand Refining and Air New Zealand shares fell as investors reacted to a pipeline leak disrupting jet fuel supplies at Auckland International Airport. Whangarei-based NZ Refining expects to miss out on between $10 million and $15 million of pipeline

  • Fuel glitch 'not a major economic event'

    17 September 2017 11:12 PM

    An economist says Auckland Airport's jet fuel supply problem won't be a major economic event but shares in the companies involved have dipped. New Zealand Refining and Air New Zealand shares fell as investors reacted to a pipeline leak disrupting jet fuel supplies at Auckland International Airport. Whangarei-based NZ Refining expects to miss out on between

  • UPDATE: NZ Refining, Air NZ shares fall

    17 September 2017 11:12 PM 1

    (Recasts on market reactions, adds comment from broker, economist, Air NZ) Sept. 18 (BusinessDesk) - New Zealand Refining and Air New Zealand shares fell as investors reacted to a pipeline leak disrupting jet fuel supplies at Auckland International Airport. Whangarei-based NZ Refining expects to miss out on between $10 million and $15 million of pipeline

  • Scoop Business » NZ Refining says pipeline leak to hit revenue by up to $15m

    17 September 2017 11:12 PM

    Sept. 18 (BusinessDesk) – New Zealand Refining, which operates the country’s only oil refinery in Marsden Point, says a pipeline leak which has disrupted jet fuel supplies at Auckland International Airport will hit revenue by as much as $15 million. The Whangarei-based company needs to replace a section of the pipeline between the refinery and the Wiri storage

  • NZ Refining says pipeline leak to hit revenue by up to $15m

    17 September 2017 11:12 PM 2

    Sept. 18 (BusinessDesk) - New Zealand Refining, which operates the country's only oil refinery in Marsden Point, says a pipeline leak which has disrupted jet fuel supplies at Auckland International Airport will hit revenue by as much as $15 million. The Whangarei-based company needs to replace a section of the pipeline between the refinery and the Wiri storage

  • Refinery plays down pipeline impact

    17 September 2017 11:12 PM 1

    Refining NZ says New Zealand doesn't need to be embarrassed by problems at Auckland Airport caused by a damaged fuel pipeline in Northland. Refining NZ is playing down the impact of the ruptured jet fuel line between Marsden Point and Auckland, saying the country doesn't need to be embarrassed by it. Thousands of travellers have had their plans disrupted

  • Scoop Business » National has serious questions to answer over fuel crisis

    17 September 2017 11:12 PM

    Thousands of air travellers looking for answers to Auckland Airport’s fuel crisis should be demanding the National Government come clean over its failure to secure fuel supply for the airport, says Labour Leader Jacinda Ardern. “There are serious questions the Government must answer over how prepared it was for the rupture of the pipeline which is such a vital