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Electric Avenue is going from strength to strength, an organiser says, and will be expanded next year, for its tenth anniversary. Photo: Supplied / Electric Avenue The country's biggest one-day music festival will be a two day affair next year, organisers say. Electric Avenue will be held on 21 and 22 February when it returns to Christchurch's Hagley Park, to mark its ten year anniversary. Festival director Callam Mitchell is forecasting the event to be "the biggest party in Australasia ...Next year's festival will be the equivalent of this year's one on steroids." About 60,000 people are expected through the gates over two days, including 35,000 for the final day of the weekend, a Saturday. A post was shared on the event's social media channels on Wednesday, with an image displaying th...

Photo: RNZ / Dan Cook Insurer Tower has increased its full year underlying profit guidance to more than $45 million. Tower said efforts to address vehicle thefts, as well as improved weather conditions had improved business-as-usual claims. The company's previous guidance for the year ending September was for more than $40m in early June. It said gross written premium growth was expected to be at the top-end, or exceed guidance of between 10 and 15 percent. The absence of any unforeseen events would see underlying profit growth of $32m. Source link