Contact Energy is putting serious thought into data centres, after reporting record earnings.

The gentailer's made a $423 million annual profit - up nearly 28 percent.

It's now in talks with Australian firm CDC Data Centres, for a 250 megawatt data centre in Taranaki. 

Forsyth Barr equity analyst Andrew Harvey-Green says CDC has a good track record, and grid and fibre connections are ready to go at the site. 

He explained Contact covers the generation side - so from an New Zealand-inc perspective, he's positive about what data centres could do. 

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Contact Energy is putting serious thought into data centres, after reporting record earnings.
The gentailer's made a $423 million annual profit - up nearly 28 percent.
It's now in talks with Australian firm CDC Data Centres, for a 250 megawatt data centre in Taranaki.&nbsp;
Forsyth Barr equity analyst Andrew Harvey-Green says CDC has a good track record, and grid and fibre connections are ready to go at the site.&nbsp;
He explained Contact covers the generation side - so from an New Zealand-inc perspective, he's positive about what data centres could do.&nbsp;
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Andrew Harvey-Green: Forsyth Barr equity analyst on Contact Energy reporting record earnings

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/4f4a8ffd-64e6-4077-8ad1-b4a2006951c2/transcript

2degrees has posted another year of growth, with revenue up 5.5% to $1.46 billion. 

Profit before tax was $27.4 million, marking a $50 million turnaround, with growth across its consumer, business, and wholesale operations.  

Chief Business Officer Andrew Fairgray told Mike Hosking the continued growth shows they have momentum to continue building on. 

As the country deals with tight economic conditions and the cost of living, he says their ethos is to be the best value player in the market. 

Fairgray says they're continually focusing on trying to deliver the best value and making sure they're efficient in how they do that so they can support New Zealand Inc and keep growing. 

LISTEN ABOVE 

2degrees has posted another year of growth, with revenue up 5.5% to $1.46 billion.&nbsp;
Profit before tax was $27.4 million, marking a $50 million turnaround, with growth across its consumer, business, and wholesale operations. &nbsp;
Chief Business Officer Andrew Fairgray told Mike Hosking the continued growth shows they have momentum to continue building on.&nbsp;
As the country deals with tight economic conditions and the cost of living, he says their ethos is to be the best value player in the market.&nbsp;
Fairgray says they're continually focusing on trying to deliver the best value and making sure they're efficient in how they do that so they can support New Zealand Inc and keep growing.&nbsp;
LISTEN ABOVE&nbsp;

Andrew Fairgray: 2degrees Chief Business Officer on the company posting a $1.46 billion profit

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/99696f98-6cec-4338-a325-b4cd015c793d/transcript

Over in Australia, the Reserve Bank is set to make their next announcement about the OCR in the coming days - and speculation indicates it will go up again.

Australia's official cash rate is currently at 4.35 percent, but the RBA will be putting it up at least one more time this year, according to one expert.

HSBC chief economist Paul Bloxham outlined his predictions further.

LISTEN ABOVE

Over in Australia, the Reserve Bank is set to make their next announcement about the OCR in the coming days - and speculation indicates it will go up again.
Australia's official cash rate is currently at 4.35 percent, but the RBA will be putting it up at least one more time this year, according to one expert.
HSBC chief economist Paul Bloxham outlined his predictions further.
LISTEN ABOVE

Paul Bloxham: HSBC chief economist on whether the RBA is set to lift the OCR again

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/fb84d6d4-17b6-4b47-b38e-b4cd0081349e/transcript

The growth of weight-loss drugs is leading to an increase of global demand for fish.

Reports indicate the rise of GLP-1 treatments is encouraging people to seek out more nutrient-dense food - and that's good news for New Zealand's open ocean fish farmers.

The Country's Jamie Mackay explained further.

LISTEN ABOVE

The growth of weight-loss drugs is leading to an increase of global demand for fish.
Reports indicate the rise of GLP-1 treatments is encouraging people to seek out more nutrient-dense food - and that's good news for New Zealand's open ocean fish farmers.
The Country's Jamie Mackay explained further.
LISTEN ABOVE

Jamie Mackay: The Country host on weight loss drugs boosting demand for fish

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/43fc1e40-cd3c-4edb-91db-b4cd007f3c3c/transcript

Andrew Harvey-Green: Forsyth Barr equity analyst on Contact Energy reporting record earnings

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