Stock Takes: Bid for Diligent looking good
Reading Diligent Corporation's acquisition announcement this week, you could be forgiven for assuming it was a done deal, signed and sealed.
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Latest fromContact Energy Limited
Contact Energy reports $116m loss
Contact's selling its Auckland power station to a property developer.
Contact Energy shares slide six per cent
Contact Energy's stock price slumped as the power firm failed to meet market forecasts amid tough competition and higher than expected costs related to bad debt and the separation from Origin Energy.
Executive Success: Finishing what Tana started
Contact Energy looked to be nailing health and safety.
Investors push electricity shares higher
New Zealand shares rose yesterday, led by A2 Milk Co, after it raised $40 million in an oversubscribed placement.
Pressure builds for change at Contact
Contact Energy is facing growing pressure from institutional investors over its governance structure.
Great opportunity for Contact
Contact Energy chief executive Dennis Barnes says the firm now has the chance to steer its own course.
'Disappointing' year a watershed for Contact
It's been a tough year for Contact Energy, with profits falling 43 per cent. But CEO Dennis Barnes says improvements are expected across all parts of the business next year.
Contact: 30 jobs affected
Of the 33 employees based at the site, 26 roles will be disestablished and seven employees will moved within the company.
Is gas losing its grunt?
Contact Energy's decision to close its Otahuhu power station is the latest in an industry-wide move away from gas.
Stock Takes: Contact plan good for investors
Contact Energy has said goodbye to Australian shareholder Origin and signalled a revision of its dividend policy which will be welcomed by shareholders.
Origin takes A$270m hit on exit
Origin Energy will book a A$270m impairment from selling out of Contact Energy.
Origin sell-down boon for Kiwis
Contact Energy will have more New Zealand shareholders on its register after Australia's Origin Energy sold its controlling stake for $1.8 billion.
$1.8b for Contact Energy stake
Australia's Origin Energy has sold is Contact Energy shares to underwriters Macquarie Capital for $1.8 billion, ending months of speculation.
Power deal keeps smelter alive
A revised contract between Meridian Energy and the owners of the Tiwai Pt aluminium smelter extends the smelter's operating life for at least another year from 2017.
Contact Energy stake sale talk builds
Speculation is building that a block sale of ASX-listed Origin Energy's 53pc stake in New Zealand's Contact Energy may be imminent.
Horror day for power company investors
More than half a billion dollars has been wiped off the value of NZX-listed electricity firms today.
Contact to hand back $367m to shareholders
Contact Energy's 70,000 shareholders will get a 50c-a-share special dividend tomorrow as its majority owner examines options to quit its stake in the company.
Investors sell up in bid to cement gains
New Zealand shares fell yesterday, as Contact Energy and Mighty River Power were sold by investors looking to crystallise recent gains.
Origin says it's committed to Contact
Despite speculation about its future in NZ, Origin Energy says it's committed to its investment in Contact Energy.
Contact shares rocket on return plans
Contact Energy shares jumped more than 14 per cent after announcing it will increase returns to shareholders.
Powercos rally to push market higher
New Zealand shares rose yesterday, paced by Genesis Energy, Contact Energy and Mighty River Power in a relief rally as Meridian Energy's instalment came due.
Power firms push back over pricing info
Power companies have successfully pushed back against a move to provide people with more information about why prices go up.
Index slips after profit drops at Fonterra
New Zealand shares fell, led by Fonterra Shareholders' Fund, after the world's biggest dairy exporter lowered its guidance for dividends
Paul Glass: Note of caution over reporting season results
Listed companies release their financial results to investors biannually, in a period informally known as the reporting season.
Mark Lister: Contact out of step with the rest
The electricity sector has attracted a lot of attention in the past couple of weeks, both in the business pages and within the investment community itself.
Stock Takes: Up and away - market takes off
It has been a big week for the sharemarket as the reporting season continues and stocks make big price moves.
MRP writedown puts spotlight on Contact
Mighty River Power's $69 million writedown on two failed geothermal developments overseas is a lesson for Contact Energy, says an analyst.
Stock Takes: Contact plan a shock to system
The so-called gentailers didn't seem such defensive, dependable investments after Contact Energy reported its interim result on Monday.
Showdown looms for Contact Energy
Contact Energy could be heading for a showdown with minority shareholders over what to do with a $1 billion pot of cash.