Mighty River share tips $2.36 to $2.75
Shares in Mighty River Power are likely to cost between $2.36 and $2.75, according to estimates based on a raft of pre-marketing research reports released by major broking firms.
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John Palmer's last act as Solid Energy's chairman was to announce the bad news: the state-owned enterprise had posted a $40.2 million net loss for the 2011-12 financial year on the back of major asset writedowns.
Bottom dropped out of coal market, says Elder
Former Solid Energy chief executive Don Elder says the main reason for the company's near failure was "a stunning blow" in the form of "an unprecedented collapse in coal prices".
Big bills on cards for SkyCity
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Ad blitz for Mighty River sale
The Government's partial asset sales policy will launch tomorrow with a $1 million advertising blitz to promote the sale of Mighty River Power shares.
Mighty River sale attracts 'huge interest'
More details are due today of the NZX listing of Mighty River Power whose float could have a short-term hit on the broader market.
Kiwi company backs US methanol plant
New Zealand company Todd Corporation is providing financial backing for a planned $1.3 billion methanol plant that will be the largest in North America.
Supreme Court clears way
John Key's Government has cleared the final hurdle for its flagship asset sales policy and is set to press the go button on the sale of Mighty River shares on Monday.
Fran O'Sullivan: Lots riding on Mighty River verdict
John Key and Bill English have been on tenterhooks waiting for the Supreme Court judgment on the Mighty River sales process, writes Fran O'Sullivan.
Sky TV profits lift 9pc
Sky Network Television has reported a 9 per cent gain in first-half profit as subscribers migrated to its My Sky premium service and spent more.
NZ shares fall as firms cut guidance
New Zealand shares fell, pushing the NZX 50 to a month-low.
Liam Dann: Currency war a dangerous game
Currency war averted then? There seems to have been plenty of resolve among the nations of the G20.
NZ dollar hits post float high
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SkyCity first-half profits drop 16pc
Profits are down at SkyCity, after Rugby World Cup benefits weren't repeated and international visitors won more money than usual.
Growing lineup of NZX listings
Companies with strong growth prospects and businesses involved in the dairy and agricultural sector are high on the wish list for new listings on the sharemarket.
Surplus, but aluminium tipped to rise
Aluminium prices should improve slightly this year, despite an expected surplus of the metal and the likelihood of overproduction in the years ahead.
Pat Pilcher: Is Facebook dying?
The fall in the number of UK Facebook users had led many to speculate that Facebook has hit a saturation point in developed markets like the UK and could be going backwards.
Absorbent clay key to clean farms
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