![PR spin costs Solid Energy $48k](/pf/resources/images/placeholders/placeholder_l.png?d=795)
PR spin costs Solid Energy $48k
Well-connected lobbyists Saunders Unsworth worked with Solid Energy, Treasury and Cabinet Ministers to thwart questions about the company's problems.
Well-connected lobbyists Saunders Unsworth worked with Solid Energy, Treasury and Cabinet Ministers to thwart questions about the company's problems.
A sell-off by international investors is likely to be behind the weakness in Mighty River Power's share price, say analysts.
An independent review of events leading to Solid Energy's near-collapse has raised questions over Treasury's response to early warning signs of trouble.
The debate over the sale of shares in state-owned enterprises has been polarised.
Ebos Group's $1.1 billion acquisition of Australian firm Symbion this week again highlighted an ongoing issue with getting independent research on NZX-listed companies.
The Government could look to float Genesis Energy between a sell-off of two tranches of Meridian shares.
In terms of time spent and where expertise sits, it is rational to leave the running of that business to the board and management, writes Susan Watson.
The Meridian Energy partial privatisation is so large it may have to be split in two, Prime Minister John Key says.
The 113,000 so called "mum and dad" investors who bought Mighty River shares included companies, trusts and investment institutions, Treasury has confirmed.
Not much time has passed since the Government's Budget announcement that shares in Meridian Energy would be the next to be sold.
The Green Party says that shares sold in the recent float of Mighty River Power went to only a small group of investors - and claims of widespread 'mum and dad' ownership are false.
What the assets are worth now depends on the future path of electricity prices and the effect that has on the company's cashflows, writes Brian Fallow.
Unless National offers a better loyalty scheme there will be little incentive to apply for shares in Meridian and Genesis, writes John Armstrong.
Newly released papers raise fresh questions over Prime Minister John Key's claim that Solid Energy asked for $1 billion of taxpayers' money to fund its transformation into a massive resources company.
The Government will have to bump up the sweeteners to get enough mum and dad investors to buy into Meridian Energy, an analyst says.
Shares in Mighty River Power ducked below their issue price for the first time since their debut on the NZX today before recovering ground near the close of business.
Against a backdrop of rising share prices and a booming Auckland housing market, investor confidence reached its highest level.
Finance Minister, Bill English, has high hopes that New Zealanders will buy into the partial float of Meridian Energy.
The Government will waste no time selling down Meridian Energy with Treasury officials expected to meet investment bankers on Monday.
Meridian Energy, New Zealand's biggest and most profitable power company, will be partially privatised later this year, Finance Minister Bill English confirmed in yesterday's Budget.
Senior executives of newly listed, state-controlled Mighty River Power are in line for shares in lieu of cash bonuses worth $1.2 million for the year to June 30.
Analysts at Macquarie say further details in today's Budget of a possible government sell-down of Air New Zealand could help push the airline's share price.