New Zealand's biggest energy players - Genesis, Meridian, Mercury and Contact - have formed a deal to stockpile coal at Huntly Power Station, and questions have been raised.

The energy companies say the shared strategic energy reserve will secure supply for the next decade. 

Minerals West Coast manager Patrick Phelps explained the nuances of this deal to the Afternoons team.

LISTEN ABOVE

New Zealand's biggest energy players - Genesis, Meridian, Mercury and Contact - have formed a deal to stockpile coal at Huntly Power Station, and questions have been raised.
The energy companies say the shared strategic energy reserve will secure supply for the next decade.&nbsp;
Minerals West Coast manager Patrick Phelps explained the nuances of this deal to the Afternoons team.
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

Patrick Phelps: Minerals West Coast manager explains why coal stockpiling deal is needed

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/92024384-cc89-44b3-995a-b3300023e676/transcript

One expert has suggested Jetstar won't follow Air New Zealand in cutting upcoming domestic flights.

The airline plans to cancel about 1100 flights over the next six to eight weeks because of fuel price hikes - impacting about 44,000 passengers.

It's already raised fares to help cover costs.

Board of Airline Representatives NZ executive director Cath O'Brien, says Jetstar's unlikely to do the same because Air New Zealand's domestic network has a wider spread.

"They have a wholly different problem than Jetstar, which is operating trunk services and jets only."

LISTEN ABOVE

One expert has suggested Jetstar won't follow Air New Zealand in cutting upcoming domestic flights.
The airline plans to cancel about 1100 flights over the next six to eight weeks because of fuel price hikes - impacting about 44,000 passengers.
It's already raised fares to help cover costs.
Board of Airline Representatives NZ executive director Cath O'Brien, says Jetstar's unlikely to do the same because Air New Zealand's domestic network has a wider spread.
"They have a wholly different problem than Jetstar, which is operating trunk services and jets only."
LISTEN ABOVE

Cath O'Brien: Board of Airline Representatives NZ executive director on Air New Zealand cutting 1100 flights

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/1e1c10dc-5ae4-454b-97f1-b40b00571599/transcript

The US President's social media posts suggest he's worried about the price of oil, as the US and Israel bombard Iran into an 11th day.

More than 1700 have been killed in the Middle East - most in Iran, and hundreds in Lebanon.

Despite this, markets appear to have calmed down following the initial shock, and Milford Asset Management's Brendan Larsen explained why.

LISTEN ABOVE

The US President's social media posts suggest he's worried about the price of oil, as the US and Israel bombard Iran into an 11th day.
More than 1700 have been killed in the Middle East - most in Iran, and hundreds in Lebanon.
Despite this, markets appear to have calmed down following the initial shock, and Milford Asset Management's Brendan Larsen explained why.
LISTEN ABOVE

Brendan Larsen: Milford Asset Management expert on markets calming down from Middle East conflict shock

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/284712e8-e295-4aad-83a7-b40a00703bfa/transcript

The balance sheet is looking strong for Briscoe Group, which managed to score a few goals late in the game. 

The retailer's posted record annual sales of close to $800 million, for the year ending January 25th. 

Its homeware brand Briscoes saw 1.42 percent sales growth - while Rebel Sport trailed with growth of 0.13 percent.

Managing director Rod Duke says the business just changed its promotions approach slightly. 

"Generally, the market from about Black Friday just eased up a bit. People just got a bit more confident."

LISTEN ABOVE

The balance sheet is looking strong for Briscoe Group, which managed to score a few goals late in the game.&nbsp;
The retailer's posted record annual sales of close to $800 million, for the year ending January 25th.&nbsp;
Its homeware brand Briscoes saw 1.42 percent sales growth - while Rebel Sport trailed with growth of 0.13 percent.
Managing director Rod Duke says the business just changed its promotions approach slightly.&nbsp;
"Generally, the market from about Black Friday just eased up a bit. People just got a bit more confident."
LISTEN ABOVE

Rod Duke: Briscoe Group managing director on the business posting steady result in tough financial year

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/cf65c757-7352-4ac4-99db-b40a006187ba/transcript

Patrick Phelps: Minerals West Coast manager explains why coal stockpiling deal is needed

Best of Business

In 1 playlist(s)

Best of Business

Social links

Follow podcast

Recent clips