Contact shares slump after profit fall
Contact Energy shares have fallen nearly 9 per cent today after reporting a plunge in half-year profits.
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Geothermal powers ahead of gas
Geothermal has pipped gas generation for the first time as more plants come on stream.
Profit takers drive NZX 50 lower
New Zealand shares fell yesterday, paced by Meridian Energy, Contact Energy and Mighty River Power as some investors looked to crystallise recent gains.
Kerre McIvor: Big bill makes me cut all contact
I am the household manager - in part, because the other half isn't interested in assuming the role and in part because I like to know what's going on.
NZ sharemarket extends gains
New Zealand shares gained for a third day yesterday, paced by Contact Energy and TrustPower, as investors spooked by recent volatility sought high-yield stocks. Fisher & Paykel Healthcare rose to a record.
Contact profit up 17.6pc
The stars have aligned for Contact Energy - producing an increase in profit to $234m and a second dividend increase for shareholders in two years.
Contact powers up latest geothermal plant
Contact Energy will today formally open its latest geothermal power station, likely to be the last big plant built this decade.
Treasury wanted more 'Mum and Dad' SOE investors
The Treasury would have liked more "Mum and Dad" small investors to have bought shares in electricity generators Mighty River Power and Meridian Energy.
Plug in to cheaper power
Over the past couple of weeks, households have been receiving nasty surprises in the mail.
Contact Energy lifts earnings
Contact Energy reported a 5 per cent improvement in earnings with improved sales and lower wholesale electricity prices.
NZ stocks mixed on light volume
NZ shares were mixed yesterday as investors cast forward to next month's earnings season, and as regional markets mulled this week's Federal Reserve meeting.
Editorial: Govt must do better at promoting share sales
Editorial: Naturally enough, the Government was keen to put the entire blame for what happened on "politicking" by Labour and the Greens.
How best to calculate electricity cost?
If Meridian Energy had already floated, it's a fair bet that its share price would have dropped after the Opposition unveiled its electricity policy a week ago.
Contact Energy shares fall 3.5pc
Contact's share price dropped this morning, partly in response to uncertainty over the future of the Tiwai Point aluminium smelter.
Contact staff cut on track
Contact Energy says it's "not fixated" on the number of redundancies it will make but is still on track to shed 10 per cent of staff.
Contact Energy to cut jobs
Contact Energy - New Zealand's biggest listed electricity company - plans to cut more than 100 jobs as part of a $40 million cost saving drive.
Stocks debut year with solid gains
New Zealand shares rose on the first trading day of 2013, following gains on Wall Street, as investors drove up companies that have featured on broker lists for 2013, such as PGG Wrightson and Ryman Healthcare.