
Share notices sent to junk folders
A glitch means some Mighty River Power shareholders have yet to receive notification of how many shares they bought during the company's float.
A glitch means some Mighty River Power shareholders have yet to receive notification of how many shares they bought during the company's float.
Potential investors in Meridian Energy have plenty of reading material.
Independent research house Morningstar has come out in favour of the upcoming Meridian Energy float, saying it is likely to appeal to long-term investors seeking yield.
The Government has loaned stricken state owned coal miner Solid Energy $100 million as part of a restructuring package announced this morning.
Prime Minister John Key has confirmed the Citizens Initiated Referendum over asset sales will take place in late November and early December this year.
The Government says there has been strong early demand for its Meridian share offer, which opens today.
The Government has driven a harder bargain in setting the fees for selling up to 49 per cent of Meridian Energy.
Transpower has appointed chemical company executive Alison Andrew to replace chief executive Patrick Strange.
When Meridian chief executive Mark Binns says the country's biggest power generator has some "grunty" assets, he's not kidding.
Retail investors are being offered Meridian Energy shares at a dividend yield of 6.5 per cent this financial year and 7.2 per cent next year.
The Government has today announced a timeline for the Meridian float, in which it hopes to raise around $2.3 billion.
Treasury advised the Government not to pay the owners of the Tiwai Point smelter to keep the business running, documents released this afternoon show.
New Zealand's Catholic Church says it will "reflect" on a decision by Auckland Anglicans to sell out of all fossil fuel investments within two years.
Investors in soon-to-be-floated Meridian Energy could receive a net dividend yield of up to 6.8 per cent, based on analyst valuations.
Five months after the first share float of Mighty River Power a referendum on asset sales is to go ahead - news accidentally tweeted by the Greens co-leader.
No sooner had Mark Binns taken over as chief executive of Meridian Energy in January last year, than he was confronted with the lowest inflows into its hydro lakes in more than 80 years.