Business reporter, NZ Herald
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Genesis boosts coal stockpile, preps for potential power shortfall
Genesis may start a third Rankine for extra power during emergencies.
Stock Takes: Has ethical investing lost its shine?
The change of Government in the United States has put ESG investing on the back foot.
Will Contact’s plan to buy Manawa Energy get over the line?
The Commerce Commission's decision is due before the end of the month.
Contact to appeal $230m Southland wind farm denial
Contact will reapply for consent to build a 330MW wind farm near Wyndham, in Southland.
Meridian says Ruakākā solar farm will power half of Northland’s homes
Meridian Energy will proceed with its planned $226m solar farm near Whangārei.
Synlait returns to profit, beats forecast
Synlait has beaten its first-half earnings forecast after going into the red last year.
S&P says Fonterra’s balance sheet can handle Mainland sale
Fonterra's balance sheet will offset the impact of its planned sale Mainland, S&P says.
Stock Takes: Is gold a good bet?
Gold has hit a record high this week but is it a good investment?
Dairy farmers set for bumper earnings in 2025
Farmers look set to receive a high milk price and dividend from Fonterra this year.
Fonterra’s first-half profit climbs to $729m
Fonterra raises first half profit, dividend, keeps $10/kg milk price forecast
Contact’s rejected wind farm project will delay NZ energy transition, industry body warns
The proposed wind farm was declined for being in an area of 'outstanding natural feature'.
Economy in line for $10 billion boost if farmgate milk price stays high
A back-to-back $10/kg milk price would put money in farmers' back pockets.
Hydro lake levels are at record lows, but that could quickly change
Severe wind and rain forecast for the central and southern parts of the country this week.
Record low lake levels push regulator to strengthen power supply rules
The move has been made to ensure consumers have reliable power in the colder months.
Stock Takes: A trade sale for Mainland?
Australia’s Bega Group is a potential buyer due to existing Fonterra ties.
Fonterra reshuffles top management before sale
The dairy co-op is preparing to divest its consumer business.
NZ banking net profit rises to $7.22b amid economic challenges
Profits were in the middle to upper end when compared with other countries.
NZ solar power hits record but still only 1.3% of total generation
NZ solar power generation beat thermal power for the first time in 2024.
Market close: US turmoil sends NZ sharemarket lower
Wall St stocks plummeted as investors fretted tariffs could lead to a recession.
Market close: Dairy helps drive NZ stocks higher
NZ stocks close almost one percent higher after a late buying surge.
Why Fonterra’s latest outlook means big gains for dairy farmers
Fonterra raised its 2025 earnings guidance to 55-75 cents per share.
Stock Takes: 25% tariffs loom leaving NZ market uneasy as trade uncertainties grow
Fisher & Paykel Healthcare under pressure as analyst forecasts $100m in additional costs.
Will NZ farmgate milk prices hold?
Expectations of a $10/kg-plus milk price remain in place despite weak dairy auction.
Why NZ business groups are backing power purchase agreements
Business groups say more power purchase agreements will benefit New Zealand.
Departing Meridian boss' parting shot: Leave the system alone
The departing Meridian Energy boss says the power sector is fine as it is.
Meridian to join major electricity companies in hiking power prices
Toughest times he can recall: Meridian boss cites hydro, wind and gas problems.
Brace for 9.7% power price rise from April, Mercury warns
Mercury feels repercussions of last year's winter.
Ryman Healthcare to raise $1 billion to slash debt
Big retirement village operator says it wants a platform for growth.
Genesis Energy says power shortage cost it $59 million
Genesis Energy lifted its earnings in the first half, despite a difficult winter.
Genesis reports strong first half profit
Genesis net profit leaps past $70m in volatile environment.
Stock Takes: Focus turns to second half after RBNZ rate cut
Focus has turned to those companies who will benefit from this week's RBNZ rate cut.
Auckland Airport CEO says more work to do in tourism
NZ has more work to do in stimulating tourism, Auckland Airport's CEO says.
Market close: NZ sharemarket ends steady after RBNZ rate cut
NZ stocks ended slightly down with Fletcher Building outperforming after the OCR cut.
Genesis beefs up coal supply to avoid another power price spike
Genesis Energy has bolstered its coal supply to avoid another power shortage.
Cashed-up a2 Milk beats market, pays maiden dividend
A2 Milk has surprised the market with a strong first-half performance.
A2 Milk first-half net profit up 7.6%, sets 8.5¢ dividend
A2 Milk beats market expectations, ends half with net cash position of more than $1b.
Oji Fibre confirms 230 jobs at Kinleith Mill to go
Workers believes more jobs will be affected,
Stock Takes: Will NZ corporate earnings offer green shoots for the economy?
The reporting season gets fully underway next week. Will there be green shoots?
NZ power prices set to stay elevated in 2025
Power companies keen to avoid another price spike.
Power companies look at extending Huntly’s lifespan
The big four are looking at ways of extending the life of Huntly's Rankines.
Westpac picks record $10.30/kg milk price for 2024/25
Westpac said global dairy prices have generally held their ground.
Vulcan Steel first-half profit plunges 65%, slashes dividend
Vulcan says it faces some volatile, challenging conditions here and in Australia.
Genesis Energy's plan to reduce coal dependency
Genesis has taken another step towards reducing its reliance on coal for Huntly.
What to expect from company earnings season
The season - comprising mostly second half 2024 results - gets underway this week.
Will a $10/kg milk price hinder Fonterra’s plan to sell consumer business?
Fonterra's prices might be going up to $10 a kilo at the farm gate.
Stock Takes: Why the NZ sharemarket is lagging the rest
There are some stark contrasts between the local index and other comparable markets.
Trump trade wars: What impact tariffs will have on Kiwi businesses
New Zealand will feel the indirect impact of America's policy on world trade, experts say.
Top NZ company says Trump’s US tariffs will increase costs, share price falls
Fisher & Paykel Healthcare makes a lot of products in Mexico, now a target of tariffs.
Stock Takes: Better times ahead for NZX-listed dairy companies?
Synlait is back in action after a terrible 2024, while trade tension overhangs FPH.
Work to start on NZ's biggest solar farm in 2025
It would create enough power to supply the equivalent of about 35,000 homes.
Where it all began: The origins of forestry, NZ’s third-largest export
Kaingaroa lies at the heart of New Zealand's forestry sector.
Down but not out: Fonterra's biggest business opportunity
Fonterra's Teh-han Chow says China remains the land of opportunity for Fonterra.
Tall Timber: NZ’s biggest 20 forestry companies
Who are the companies behind New Zealand's third biggest export trade?
Dairy farmers forecast to get $4 billion boost from 'dream combo' of factors
December saw the highest milk solids collected for the month since December 2020.
Westpac NZ admits overcharging customers $6.35m
Westpac's conduct affected a total of 24,621 customers.
Meridian, Todd's Nova Energy plan big solar project
Solar farm should generate enough power for about 100,000 homes.
NZ yields up, Kiwi dollar down after fiscal update
New Zealand Government bond yields climbed higher after the Government's fiscal update.
New rule could see your KiwiSaver build the next harbour bridge
The finance industry also wants to make it easier for firms to list on the stock exchange.
The NZ sharemarket's standout performers for 2024
Tower and Gentrack were the standout performers on the sharemarket in 2024.
Return to growth: MPI sees big lift in exports in 2025
MPI expects to see a rebound in New Zealand's primary sector exports in 2025.
NZ's richest man Graeme Hart exits Pactiv Evergreen for US$2.5b
Graeme Hart agreed to sell out of American packaging firm Pactiv Evergreen.
Stock Takes: Early Rocket Lab investor cashes in, what airport share sale means for market
Auckland Council's sale of its airport stake could prove positive for the broader market.
Fonterra upgrades milk price forecast to a record $10/kg
Fonterra has upgraded its milk price to a mid-point of $10/kg.
Auckland Council sells stake in airport for $1.3b
The shares were sold for at least $8.08 per share.
ComCom calls out Contact, Nova for marketing ploy
The commission has called out Contact and Nova over their GST-exclusive pricing.
Better times ahead? What we can learn from the interest rate yield curve
The trend of NZ's steeping yield curve looks likely to continue into 2025.
F&P Healthcare plays the long game, despite threat of tariffs
F&P Healthcare's Lewis Gradon comments on the possible threat of US tariffs.
Fisher & Paykel Healthcare says new products boost profit
F&P Healthcare lifts first-half profit as hospitals returned to more normalised staffing.
NZX milk futures surpass $10/kg on China demand
'The market has improved, and it’s favourable for New Zealand.'
China's dairy boom is fading: What it means for Fonterra
Sales at the top three dairy companies have dropped by 9-13% in the first half of 2024.
What Trump 2.0 could mean for NZ agriculture
Rabobank says US President-elect Donald Trump's return could disrupt world trade.
Snowball to branch out into private equity
Investment platform Snowball is offering access to private equity funds.
Cashed up a2 Milk still looking for acquisitions
Acquisitions are still on a2 Milk's radar screen, despite the company's dividend plans.
A2 Milk rallies sharply on dividend news
Concerns about China cast a shadow over share price.
Stock Takes: The big issues facing F&P Healthcare
F&P Healthcare's share price has held despite concerns about the US health sector.
Westpac predicts $10/kg milk price after another strong auction
'We could end up with an extra $4b added to incomes.'
AgriZeroNZ says climate change solutions for agriculture will endure
Climate change initiatives for agriculture will go the distance, Wayne McNee says.
Napier Port says earnings rebound will continue in 2025
The port bounces back after Cyclone Gabrielle sabotaged its post-Covid recovery.
