Mighty River Power no more, now just Mercury
By Pattrick Smellie May 2 (BusinessDesk) - Auckland-based electricity generator and retailer Mighty River Power is changing its name to Mercury Energy, in a move that underlines the increasing retail focus of the country's largest power companies. Known as MRP since it was...
Shanghai Pengxin knocked back on massive Australian farm purchase
By Pattrick Smellie April 29 (BusinessDesk) - Already locked out of a major farm and forestry purchase in New Zealand last year, an Australian arm of the Chinese Shanghai Pengxin global conglomerate has today been told it can't buy one of Australia's largest farms, covering ar...
Trustpower earnings dip on weak electricity demand, marketing costs
By Pattrick Smellie April 29 (BusinessDesk) - Weak prices for wholesale electricity in New Zealand and higher marketing costs saw Tauranga-based integrated energy and telecommunications utility Trustpower's operating earnings fall 1 percent in the year to March 31 in what is l...
Z cleared to buy Caltex assets, must sell 20 petrol stations
By Pattrick Smellie April 29 (BusinessDesk) - Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coord...
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