Elder officially called to front committee
The former head of Solid Energy has been called to front up to a parliamentary committee to answer questions on the failing coal company after opposition was dropped.
The former head of Solid Energy has been called to front up to a parliamentary committee to answer questions on the failing coal company after opposition was dropped.
The frenzy of preregistration for the Mighty River Power float spoke volumes about the mood of stock market investors. Bernard Hickey gives his view.
Mighty River Power has admitted its $250 million investment in geothermal exploration in Chile could come to nothing, but believes it is worth the risk given Chile's massive geothermal resources and energy demands.
Mighty River Power needs to promote loyalty bonus scheme...
The Government's confirmation that Mighty River Power is finally on the block has spurred a rash of activity among brokers.
Former PM Dame Jenny Shipley was quizzed about her reputation as a company director today when she appeared before the commerce select committee at Parliament.
Mighty River's directors are receiving additional fees of $1200 for each day they spend working to prepare the company for its sale, it was revealed today.
The unresolved issue of Maori water rights may yet have an impact on Mighty River's future operating costs.
If you don't have a broker, you may not be able to sell Mighty River shares quickly, says one fund manager.
One hundred thousand kiwis have now pre-registered for a stake in Mighty River Power as massive public interest puts pressure on the share sale website.
Prime Minister John Key says the rush on pre-registration for Mighty River Power shares is a reflection of the interest in the float but he will not speculate on whether there is a danger it will be over-subscribed.
Market players are anticipating strong demand for the Government's partial float of Mighty River Power.
Indeed TV3 reported last year that David Shearer and John Key hold the same position, that "nobody owns water. It's everybody's resource".
Ordinary New Zealanders will be favoured "at every turn" of the Mighty River Power share sale which gets underway today.
Prime Minister John Key and Finance Minister Bill English on the sale of Mighty River Power shares to would-be investors. PM John Key said the Government is intending to keep its promises about ensuring a high level of New Zealand ownership.
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.
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.
The debate about the financial merits of assets sales is a good one, and based purely on the numbers the benefits are marginal, writes Liam Dann.
This week, the Government confirmed it really is going to flog off our family silver.
The unanimous judgment of the Supreme Court is significant and unusual.
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.