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Mighty River shares up as profit rises
Mighty River shares are up nearly 2 per cent this morning after a good profit announcement.
Mighty River shares slump to new low
Shares in Mighty River Power traded at $2.18 this morning, their lowest point since listing on May 10.
Brian Gaynor: Mighty River makes Meridian a hard sell
Prime Minister John Key and Finance Minister Bill English have revealed a new strategy for the Meridian Energy share offering.
Meridian may be worth $2b less than year ago
Meridian Energy - the jewel in the Government's portfolio of crown assets - may be worth nearly $2 billion less than it was valued at a year ago when it is finally listed.
Govt sugars Meridian deal
The Government has turned up the sweeteners to attract retail investors to the Meridian Energy sharemarket float but analysts say punters need to remain wary of the potential downsides.
John Armstrong: Govt baiting the Meridian shares hook
A big questionmark remains as to the wisdom of rushing another and bigger float in a state-owned generator so soon after Mighty River Power, writes John Armstrong.
Tamsyn Parker: Buyer beware the Meridian float
Markets writer Tamsyn Parker says details for Meridian Energy's share market float provide both a huge incentive and the potential for a huge disaster for investors, writes Tamsyn Parker.
Meridian float - 60pc up front
Details of the Meridian Energy share float have been released, and new shareholders will only have to pay 60 per cent up front for a stake in our biggest power company.
Solid Energy to cut 93 more jobs
Ninety-three people will lose their jobs at Huntly East Underground Mine in more cutbacks announced today by struggling State-owned coal miner Solid Energy.
John Armstrong: Questions on Govt asset fund spending
A Treasury document obtained by Labour details a host of "initiatives" in this year's Budget which would be paid for by the asset sales fund, writes John Armstrong.
Asset sales: Where the money is going
Funding generated by the Government's asset sales programme now extends to the $40 million bill for the Mighty River share loyalty bonus scheme.
Stock Takes: Smelter deal clears way for Meridian listing
Meridian's deal with Rio Tinto to keep the Tiwai Point smelter open until January 2017 has cleared the way for its sharemarket listing.
Meridian IPO tipped for late Oct
Meridian Energy could be listed on the sharemarket before the end of October after clearing a big hurdle by finalising contract talks over the Tiwai Pt aluminium smelter.
Tiwai deal gets analyst nod
Meridian's deal with New Zealand Aluminium Smelters is a good short term solution to create certainty around its share market listing, says one analyst.
Tiwai Pt power deal done
A $30m subsidy from the government has helped Meridian resolve its negotiations with Rio Tinto to keep the Tiwai Point aluminium smelter running until 2017.
Peter Lyons: Kiwi battlers losing power in economic apartheid
When politicians talk about making the labour market more flexible, it means ensuring that the demand and supply of labour determines the wage rate. writes Peter Lyons.
CEOs: Press on with partial sales
There's huge support for the government's partial privatisation programme, with 84 per cent of CEOs saying it should ready other SOEs for partial sale.
Frank Duffield: Compelling reasons to search for untapped resources
Herein lies the opportunity for NZ, writes Frank Duffield. Its resource base is largely underexplored, and world-scale natural gas discoveries are quite possible.
MRP float bolsters govt cash balance
The New Zealand government posted a smaller operating deficit than forecast in the 11 months ended May 31.