There is a consensus building that even if Labour wins at the next election, the proposed single electricity buyer model will be replaced by something far less negative on the industry, Craigs Investment Partners adviser Chris Timms says.
The current reporting season for listed companies is well through and there have been some highlights, reflecting the growth in the New Zealand and global economy. Business editor Dene Mackenzie talks to industry observers about the next six months.
Continued weak international coal prices contributed to a 28% fall in revenue in the six months ended December for troubled Government-owned coal producer Solid Energy.
China last month cemented itself as New Zealand's major export market, figures released yesterday show.
Hellaby Holdings delivered on its promise of first-half growth but managing director John Williamson was still cautious about trading conditions and the economic recovery.
The launch of a2 milk in the United States had become a priority for the company A2, now the United Kingdom business was established and showing growth, managing director Geoffrey Babidge said yesterday.
Mighty River Power overcame low hydro inflows and dry conditions to meet its early targets and report a 4% increase in operating earnings for the six months ended December.
The Government is taking extra steps to try to ensure the Genesis Energy share offer is successful after disappointing post-float performances by the two other energy companies, Mighty River Power and Meridian Energy.
The Government Superannuation Fund fell in value in January by 1.27% but still managed to return 19.33% on its nearly $25 billion in assets in the year ended January.
Prime Minister John Key expects prospective investors in Genesis will react well to incentives likely to be announced today by Finance Minister Bill English.
PGG Wrightson was on a steady path to reclaiming its position as a leading option for investors seeking exposure to the ongoing strength of New Zealand agriculture, its chief executive Mark Dewdney said yesterday.
Listed bank Heartland New Zealand produced a solid result in line with guidance with the real catalyst being the recently announced acquisitions, Forsyth Barr broker Haley Van Leeuwen said yesterday.
Air New Zealand is expected to deliver a much improved reported profit when it releases its financial results tomorrow, Forsyth Barr broker Andrew Rooney said.
Wynyard chief executive Craig Richardson has shrugged off the company's loss in the year ending December in light of the other data released in the period.
There was not much to like in the Chorus profit announcement for the six months ending December, as the financial profitability of the lines network company hinges on a Commerce Commission decision.
Government-owned New Zealand Post yesterday delivered a much improved interim result for the six months ended December but its subsidiary Kiwibank suffered from tight margins, reporting a lower profit for the period.
The Government has confirmed its plans to sell down its holding in Genesis Energy ''in the next month or so'' with more details coming tomorrow, Prime Minister John Key says.
New Zealand residents with foreign retirement savings have been granted extra time to transfer them to New Zealand schemes to avoid hefty tax bills.
Dunedin-based technology company ADInstruments has joined a new tuition fund to train software developers and help address the critical shortage of IT talent in New Zealand.
The pressure is mounting on Finance Minister Bill English to meet his deadline of returning the government accounts to surplus in the 2014-15 financial year.
