
Z Energy shares jump on debut
Shares in Z Energy debuted on the NZX at $3.73, a 23-cent (6.6 per cent) premium to their $3.50 issue price today.
Shares in Z Energy debuted on the NZX at $3.73, a 23-cent (6.6 per cent) premium to their $3.50 issue price today.
Transtasman analysts have decidedly different views on Z Energy, the fuel and services company which lists on the NZX this morning.
Funding generated by the Government's asset sales programme now extends to the $40 million bill for the Mighty River share loyalty bonus scheme.
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.
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.
Forest and Bird says efforts to rehabilitate the Stockton Plateau after open-cast coalmining has missed the point, with bright green grass sown rather than restoring the natural tussock landscape.
Infratil and the New Zealand Superannuation Fund stand to at least triple their money on Z Energy in next month's IPO.
Z Energy has set an indicative price range of between $3.25 and $3.75 a share for its initial public offering next month.
Solid Energy is planning further job cuts at its Stockton mining operations, the company announced today.
The New Zealand government posted a smaller operating deficit than forecast in the 11 months ended May 31.
I see our environmental strategies as irrational. As a mother and grandmother, I consider them a betrayal of future generations, writes Dame Anne Salmond.
A sell-off by international investors is likely to be behind the weakness in Mighty River Power's share price, say analysts.
Widespread fears of a flood of Asian investment and a Chinese farm-buying spree are misplaced - Australia is the largest overseas investor in New Zealand.
New technology allows households to track almost every detail of their electricity use.