Vector reports strong growth in connection numbers. | Kalkine Market Update NZ |

For the three months ended 30 September 2020, Vector Limited (NZX:VCT) reported total new connections of 3,839, up by 19.4% Y-o-Y. Total electricity connection numbers grew by 1.7% Y-o-Y and electricity distributed volume for the quarter was down by 0.6% Y-o-Y.

Genesis Reports Q4 Performance Report; Total Gross Churn Down by 8.1 ppt

Genesis Energy Limited (NZX:GNE) has provided a performance report for the three months ended 30 June 2020. The company continued to remain available to customers during lockdown with a customer iNPS satisfaction rating of +58. Total generation was up 4.3% to 1,717 GWh for the period, however, hydro generation was down to 450 GWh;

* Flights Centre Plans to Cut 160 Jobs and Shut Several Stores

The Flight Centre Travel Group (ASX:FLT) is planning to cut 160 jobs and shut down 23 stores. Most of the job cuts would come from its retail arm.

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