Air New Zealand is looking a good sale prospect for the
Government if it continues to get bogged down in political
debate with the Labour and Green parties over the partial
float of state-owned energy assets.
Lengthy and costly legal action, with the Government footing
much of the bill, would inevitably follow the introduction of
the Labour-Green proposal to introduce a single buyer of
electricity, Mark Warminger says.
Auckland-based technology company Dimension Data has secured
a multimillion-dollar contract with the University of Otago
and will open an office in Dunedin employing eight staff to
help support that new work.
More than half a billion dollars has been wiped off the value
of Contact Energy and TrustPower since Wednesday night, the
day before the Labour and Green parties announced their plans
to lower electricity prices.
New Zealand's reputation as an international investment
destination would be damaged by the Labour and Green parties'
proposals to bring down power prices, Milford Asset
Management senior analyst William Curtayne said yesterday.