Genesis Energy's new strategy: making Huntly great again

Genesis Energy's new strategy: making Huntly great again
Old, but not out of puff quite yet - Huntly power station. (Image: BusinessDesk)
Pattrick Smellie
The way Genesis Energy tells it, the company suffers from two perennial problems that cause its share price to underperform its peers.One is that it doesn’t have a clear growth story.The other, more deeply entrenched problem, is what its new chief executive Malcolm Johns calls an “ESG discount”, where the market punishes the only electricity producer in the country that still uses coal to make power for doing so.So yesterday's day-long strategy presentation to the investment community at its Huntly power station site was a...

More Markets

Takeover bid is opportunistic and undervalued: THL
Markets

Takeover bid is opportunistic and undervalued: THL

Tourism Holdings' board remains open to engagement with the Consortium.

One man, five boards: The NZ director spiderweb
Markets

One man, five boards: The NZ director spiderweb

James Miller is at the top of the directorship pyramid.

Increased US tariffs drive NZ stocks lower
Markets Market Close

Increased US tariffs drive NZ stocks lower

F&P Healthcare and Ebos shares both dropped over 2% on the tariff news.

Jamie Gray 01 Aug 2025
Journee to succeed Withers as Warehouse chair
Retail

Journee to succeed Withers as Warehouse chair

Journee ensures "strong continuity of leadership", Joan Withers said.

Gregor Thompson 01 Aug 2025