The Financial Markets Authority has filed high court proceedings against the chief executive of an NZX-listed company for alleged market manipulation.

Genesis Energy emitted more carbon dioxide in generating electricity last year than any year in the last decade, as it used more coal to make up for a lack of hydropower and gas.

The median house price in Auckland has risen to $1,175,000, while the prices in the rest of the country reach a record high.

Homes are being snapped up after less than a week on the market in Kaikohe, driving out families who were renting, and sometimes have nowhere else to go.

Pressure is mounting on the building sector, which is grappling with big losses and costs from delays and rising costs.

Transpower says it mistakenly asked Waikato power company WEL Networks to turn off 20 percent of its electricity on Monday night, well above the national rate.

The wind farm was given the green light in 2013 by the Environment Court and it could double Genesis’ renewable energy generation – enough to power around 370,000 homes.

Heavy rain across the country has pushed hydro lakes levels to above average following a dry period but wholesale electricity prices still remain elevated.

Refining NZ shareholders have voted to switch to an import-only terminal from mid next year, signalling the loss of hundreds of jobs at Marsden Point.

The homewares and sport goods retailer Briscoe Group expects its first half net profit to be up by nearly two thirds on the year earlier, with strong sales across its brands.