Mark Lister: Bright notes amid the gloom
The August corporate reporting season is now largely complete, aside from a few stragglers that have slightly different balance dates.
The August corporate reporting season is now largely complete, aside from a few stragglers that have slightly different balance dates.
Meridian Energy shares closed up almost 3 per cent yesterday after the company delivered better-than-expected earnings and foreshadowed a long-term return of capital to shareholders.
Our biggest power generator, Meridian Energy, says power prices are likely to stay flat in the coming year.
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.
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.
The Electricity Authority has published a series of proposals on more efficient ways to charge for the national grid.
New Zealand shares fell yesterday, as Contact Energy and Mighty River Power were sold by investors looking to crystallise recent gains.
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.
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.
Meridian Energy has raised its dividend and says it intends to return $625 million of capital to shareholders over the next five years.
Meridian Energy, which generates about 30 per cent of the country's electricity, lifted first-half earnings 21 per cent.
New Zealand shares fell yesterday, led by Contact Energy after it flagged plans to invest offshore. Genesis Energy and Meridian Energy declined as enthusiasm for the sector cooled.
New Zealand shares fell yesterday from a record close paced by Meridian Energy, Precinct Properties New Zealand and Spark New Zealand, as the appetite waned.
New Zealand shares rose yesterday, heading back towards a record high after a two-day slide.
Meridian Energy is replacing two of its transformers at its Manapouri power station after finding a fault with cooling units.
New Zealand shares fell for a second day as the kiwi dollar's slide to a four-year low sapped overseas investor appetite for high-yielding stocks.