Meridian accuses big business critics of cynical self-interest

The all-renewables generator introduced a dividend reinvestment plan today. (Image: supplied)

Wed, 25 Aug 2021

Meridian Energy executives labelled major electricity users’ surprise attack yesterday on the company's profitability as a cynical ploy and evidence of poor risk management.Earnings before interest, tax, depreciation, amortisation and changes in the value of financial instruments fell 15% in the 12 months to June 30 to $729 million, reflecting the third-lowest inflows of water into parts of its South Island hydro schemes on record in the second half of the financial year.Operating cashflows fell by 29% from $604m last year to $431m in...

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Property

Developer Kurt Gibbons buys Ryman’s Newtown site

The land was formerly the site of Wellington's Tip Top bread factory.

Gregor Thompson 10:30am

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One Night in Bangkok was a hit song from what musical?By inserting an extra letter, what word meaning a small group of trees can be changed to one meaning a dead body?State Highway 2 between Gisborne and Opotiki passes through what gorge?What was the nickname of a 1940s Hollywood...

The Quizmaster 9:15am