Meridian thinking big after Crown's offer to co-invest

Meridian thinking big after Crown's offer to co-invest
Meridian wants to get more water into Pūkaki. (Image: NZME)
Ian Llewellyn
Meridian Energy says the Government’s decision to allow Crown participation in new capital raisings could add momentum to large-scale hydro development for the first time in decades.At the company’s annual shareholder meeting in Wellington, chair Mark Verbiest called the policy shift “the biggest change to our capital investment settings since we were listed in 2013.”The change stems from the Government’s response to the Frontier Economics review of the electricity market, commissioned after the 2024 winter supply...

More Markets

ForBarr sticks to underperform on The Warehouse Group
Retail

ForBarr sticks to underperform on The Warehouse Group

Analysts say they need to see tangible improvement.

NZ sharemarket falls over 1%
Markets Market Close

NZ sharemarket falls over 1%

The S&P/NZX 50 Index closed at 156.22 points, or down 1.16%.

Graham Skellern 18 Nov 2025
1,200 Air NZ flight attendants vote to take strike action
Markets

1,200 Air NZ flight attendants vote to take strike action

About 1,200 Air New Zealand cabin crew have voted to take strike action, the union says.The union said those who voted for strike action worked across international, domestic and regional routes and had been trying for months to get better pay and rosters.Michael Wood, director o...

Staff reporters 18 Nov 2025
Sanford profit surges 224% as debt falls and aquaculture lifts earnings
Markets

Sanford profit surges 224% as debt falls and aquaculture lifts earnings

Better cash flow and lower debt helped drive seafood company Sanford’s net profit up by 223.8% to $63.7 million in the September year.Revenue was steady at $584.1m, and Sanford’s earnings before interest and tax came to $102.1m, up 88%.Managing director David Mair said it was an...

Staff reporters 18 Nov 2025