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20 September 2017 12:20 AM Scoop Business » NZ 2Q current account gap narrower than expected

Sept. 20 (BusinessDesk) – New Zealand reported a narrower-than-expected current account deficit in the second quarter as the services balance slid, while the annual deficit continued to widen. The deficit was $618 million in the three months to June 30 versus a revised first-quarter surplus of $221 million, Statistics New Zealand said. The annual deficit

19 September 2017 7:38 AM Air NZ restricts ticket sales as Auckland fuel shortage bites

Air New Zealand is restricting ticket sales and will cancel some international flights as it deals with the shortage of jet fuel at Auckland International Airport. The national carrier will cancel five Australian services, two Fiji services and a return service to Vietnam tomorrow, taking total cancellations to date to 26 domestic flights, 11 trans-Tasman 4

19 September 2017 5:12 AM Air NZ restricts ticket sales

Air New Zealand is restricting ticket sales and will cancel some international flights as it deals with the shortage of jet fuel at Auckland International Airport. The national carrier will cancel five Australian services, two Fiji services and a return service to Vietnam tomorrow, taking total cancellations to date to 26 domestic flights, 11 trans-Tasman 3

18 September 2017 5:27 AM MARKET CLOSE: NZX 50 mixed at the start of election week

New Zealand shares were little changed at the start of election week. New Zealand Refining and Air New Zealand dropped following a pipeline leak, while A2 Milk Co rose. The S&P/NZX 50 Index fell 3.95 points, or 0.05 percent, to 7,758.71. Within the index, 17 stocks fell, 15 rose and 18 were unchanged. Turnover was $131 million. "People are a little more cautious 1

17 September 2017 11:12 PM Scoop Business » UPDATE: NZ Refining, Air NZ shares fall

(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

17 September 2017 11:12 PM Fuel glitch 'not a major economic event'

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

17 September 2017 11:12 PM UPDATE: NZ Refining, Air NZ shares fall

(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 1

17 September 2017 11:12 PM Scoop Business » NZ Refining says pipeline leak to hit revenue by up to $15m

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

17 September 2017 11:12 PM NZ Refining says pipeline leak to hit revenue by up to $15m

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 2

17 September 2017 8:37 PM Refining NZ could lose up to $15m after fuel pipeline breach

Refining NZ says a pipeline breach could cost the company $10-15 million in revenue and take longer than the initially expected two days to repair. In a statement to the NZX, the company says a crack in its pipeline from the Marsden Point refinery to Wiri near Auckland Airport is eight kilometres south of the refinery at Ruakaka. A leak occurred last Thursday