
Bankrupted Kiwi selling as victims wait
Two years on, money ordered paid in 90 days is being drip-fed.
Two years on, money ordered paid in 90 days is being drip-fed.
More than anything, I like the diversity and the challenge that Vector offers in business.
An international conglomerate owed $27.5 million by Solid Energy has issued a High Court challenge to the arrangement which the state-owned mining company's creditors voted through last....
New Zealand shares rose yesterday, led by A2 Milk Co, after it raised $40 million in an oversubscribed placement.
Sixty-five staff to axed as operator admits there is no chance whatsover of finding a buyer for Waikato mine that's cost about $500,000 a month to keep open.
New Zealand Steel's blue collar workforce has agreed to forego annual bonus payments during unprofitable years.
The recent rally in Z shares convinced Infratil and the Super Fund that it was time to sell.
Infratil will book a profit of $392m on the sale of its remaining 20pc stake in Z Energy.
Battery frenemies Telsa, Panasonic poised for Solar power fight in Europe.
Z Energy is warning it's facing a potential multi-million dollar bill from NZ Customs - backdated to 1986.
The August corporate reporting season is now largely complete, aside from a few stragglers that have slightly different balance dates.
Mighty River Power has become the latest electricity generator-retailer to announce a special dividend in the current earnings season.
Auckland households are set to get a bigger dividend payout from Vector next month.
Vector has posted a 2.8 percent gain in pretax earnings, beating its guidance
Mighty River will spring another 2.5 cents per share special dividend for shareholders, having already given 5c in December.
Solid Energy creditors yesterday voted to retain the company's existing administrators and not to set up a creditors' committee.
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.
Contact Energy chief executive Dennis Barnes says the firm now has the chance to steer its own course.
It's been a tough year for Contact Energy, with profits falling 43 per cent. But CEO Dennis Barnes says improvements are expected across all parts of the business next year.
Of the 33 employees based at the site, 26 roles will be disestablished and seven employees will moved within the company.
Contact Energy's decision to close its Otahuhu power station is the latest in an industry-wide move away from gas.
Two major factors - falling international coal prices and a $320 million mountain of debt - proved the undoing of state-owned coal company Solid Energy.
Solid Energy acting chairman Andy Coupe admitted it was "unlikely" that any sale, or sales, would cover its outstanding debt.
Trustpower has gained 30,000 new customers in 12 months and was named the top energy retailer in the country.
Contact Energy has said goodbye to Australian shareholder Origin and signalled a revision of its dividend policy which will be welcomed by shareholders.