
Shipley - Judge me on results
Genesis Energy chair Jenny Shipley says the state owned enterprise is ready for partial sale but is coy on whether she will be leading the company on the sharemarket.
Genesis Energy chair Jenny Shipley says the state owned enterprise is ready for partial sale but is coy on whether she will be leading the company on the sharemarket.
Genesis Energy has turned in a tidy-looking result for the six months to December 31, with net profit after tax up 85 per cent to $71 million.
The state-owned electricity generator and retailer yesterday reported an underlying net profit after tax of $88 million for the latest half-year after non-cash items
Meridian Energy says it's ready for partial privatisation and expects a significant uplift in operating earnings after transmission outages knocked its performance.
Prime Minister John Key has denied that the Solid Energy crisis and Telecom job cuts are a black mark against the Government's handling of the economy.
Huntly East miners are bracing themselves for more redundancies as the Government scrambles to fix Solid Energy.
Mighty River Power says the driest summer in at least five years will affect its full-year result as it cuts back on generating power from its Waikato River dams.
Solid Energy is in crisis, with a Government bailout almost inevitable, mine closures possible and further job cuts likely in another restructure to try to salvage it.
Twice in the past decade, Solid Energy has enjoyed revenue close to $1 billion, and aside from last year has returned some healthy profits - and dividends for the Government.
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.
Economic modelling based on ethanol, which has its limitations as a fuel, may underestimate the potential yields and value added, writes Brian Fallow.
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.
Fallout from the Mainzeal receivership is hitting listed lines company, Horizon Energy.
Don Elder has resigned as chief executive of troubled coal company Solid Energy, effective immediately.
This year is shaping up to be a very busy one for new sharemarket listings...
It is folly to press on with the partial privatisation of the state-owned power companies when the future of the Tiwai Pt aluminium smelter is unresolved, writes Brian Fallow.
Electricity retailer Mercury Energy has announced its first across the board price cuts in a decade.
The government's drive for new investment in oil and gas development in New Zealand has suffered another blow.
Meridian Energy is considering the sale of its 50 per cent stake in the A$1 billion Macarthur wind farm in Australia.
New Zealand's ministers and officials have been given a new set of rules outlining how they can talk about listed companies.
Natasha King has already written her own obituary. Although it was only part of a management course run by her employer, Meridian Energy.
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.