Vector

Listed energy company Vector has won a significant High Court ruling that will send the Commerce Commission back to the books in determining the earnings of monopolies like electricity companies and gas networks.

Electricity lines company Vector was being overly optimistic to think it still had a realistic chance of being part of the Government's ultra-fast broadband (UFB) initiative, Forsyth Barr broker Suzanne Kinnaird said.

Changes to the rules surrounding the Government's rural broadband initiative (RBI) could cause a battle for market supremacy between Telecom and Auckland-based energy company Vector.

Energy distribution and fibre optic network company Vector is estimating a rise in after tax net profit of $20 million in the year to June 30 as a result of tax changes in the Budget.

Infrastructure company Vector, which owns the Auckland electricity distribution network, saw a small increase in gas and electricity customer connections for the nine months ended March 31.

Fire crews, including a hazardous materials team, are at a gas leak at Auckland Medical School.

Infrastructure company Vector lifted half year net profit from continuing activities 11.6 percent to $101 million, helped by lower borrowing costs.