Dene Mackenzie

L&M announces deal to supply power to smelter

L&M Energy has provided markets with some welcome news it will sell electricity from its Ohai coal-seam gas pilot project to the Tiwai aluminium smelter.

Restaurant Brands rising

Restaurant Brands directors are not getting carried away with enthusiasm after the company yesterday reported its best trading profit.

AMI policyholders offered certainty

The support package offered to AMI Insurance offered certainty to policyholders their claims would be covered, Finance Minister Bill English said yesterday.

Chance to overhaul insurance industry

Chance to overhaul insurance industry

Major changes were needed in the insurance industry to restore confidence that claims, no matter at what level, could be paid out, Dunedin insurance broker Peter Taylor said yesterday.

Standalone cover issue anticipated

AMI Insurance yesterday seemed to fulfil a prediction made last week by ratings agency Standard and Poor's that some insurers exposed in Canterbury would face difficulty and require an injection of capital.

Opinon: Is it one rescue package too many for minister?

The Government is risking another fiscal blowout with its last resort $500 million support package for AMI Insurance.

Sale plan for SCF's commercial assets well advanced

Sale processes for South Canterbury Finance's commercial assets were well advanced, Finance Minister Bill English said yesterday, through a spokesman.

Hazards for NZers working overseas

Tragic events around the world had made "duty of care" and risk management more important than ever before, Human Resource Institute Wild South president Matt Carter said yesterday.

Call to release SCF papers

Call to release SCF papers

The Government should release the documents and advice it received on South Canterbury Finance to provide transparency about the deal, Craigs Investment Partners broker Chris Timms said yesterday.

Conditions stable outside Canterbury

Economic and employment conditions were stable outside Canterbury, but there were some warning signs, NZIER principal economist Shamubeel Eaqub said yesterday.