Trump helps Meridian smelter
Meridian chair Chris Moller said early signs were that the new administration in the US may bolster metal prices.
Meridian chair Chris Moller said early signs were that the new administration in the US may bolster metal prices.
Broker a bit surprised to see Air NZ shares slip but notes light volumes.
Meridian Energy is declaring a special dividend for shareholders in a sector where strong cashflows are not currently required for new investment.
New Zealand shares were mixed. The NZX 50 Index reached a record high but more companies fell.
NZ Aluminium Smelters will go to the Supreme Court in a bid to overturn earlier decisions on the payment for statutory holidays that fell on a weekend.
All-renewables electricity generator and retailer Meridian Energy announced an 11 per cent fall in net profit after tax of $104 million for the six months ended December 31.
Executive Mark Binns says a new wind farm is one of the options on the table if Meridian can't convince Genesis to keep open two electricity plants.
The August corporate reporting season is now largely complete, aside from a few stragglers that have slightly different balance dates.
Profits and earning are up at Meridian Energy. And shareholders are in line for a special dividend.
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.
Labour leader Andrew Little said it was "good news" for the 800 workers at the plant, and the Green Party described it as a "relief".
Tiwai Point smelter looks set to stay open after the announcement of a new power deal with Meridian Energy.
Meridian Energy has joined with charity KidsCan to raise awareness of child poverty in NZ and help to provide food, clothing and basic healthcare.
New Zealand shares fell over uncertainty surrounding the future of the Tiwai Point smelter.
A decision on the future of Tiwai Point's massive electricity contract, due today - has been delayed by a month.
More than half a billion dollars has been wiped off the value of NZX-listed electricity firms today.
Next Wednesday all eyes will be on the owners of the Tiwai Pt aluminium smelter to see if they give Meridian Energy notice they wish to terminate their contract.
Is the Govt really getting double the amount of dividends from its sold down power companies?
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.
New Zealand shares rose yesterday, paced by SkyCity Entertainment Group and Meridian Energy as investors mulled a possible rate cut.
Shares in Mighty River Power and Meridian Energy have been coming off the boil, but there are few obvious reasons for a recent slump in their stock prices.
It's day one at Meridian Energy's new offices in the freshly built Quad 5 building at Auckland Airport, and staff are celebrating with cake.
Mark Lister says the Crown got $1.8b for selling a Meridian stake now worth more than $3.2b.
Sixteen Meridian Energy staff have left Mt Wellington offices for a new building at Auckland International Airport.
New Zealand shares rose yesterday, paced by Fletcher Building, as investors were drawn to firms that have under-performed the benchmark index.
Expect a little bit of love from your power company this year but they're not betting on it being requited.
NZ shares rose to a fresh record yesterday, paced by Mighty River Power, Meridian Energy and Genesis Energy as investors mulled possible lower interest rates across the Tasman.