Second Mercury earnings upgrade as summer storms fill northern hydro storage
By Paul McBeth Jan. 24 (BusinessDesk) - Mercury NZ, formerly MightyRiverPower, has raised its annual earnings guidance for a third time as a spell of wet summer weather around Taupo has the power company anticipating increased generation at its North Island hydro stations. ...
NZ dollar hits 4-month high as Trump announces US tariffs, raising spectre of protectionism
By Paul McBeth Jan. 24 (BusinessDesk) - The New Zealand dollar rose to a four-month high as US President Donald Trump raised tariffs on imports of washing machines and solar panels, raising fears about the White House's protectionist attitude. The kiwi dollar climbed as hi...
Powerhouse purges Motim board, SolarBright founders quit
By Paul McBeth Jan. 23 (BusinessDesk) - Powerhouse Ventures is facing more turmoil at two of its investee firms, purging the board of one and losing the founders of another. In separate statements to the ASX and following a National Business Review report, Christchurch-bas...
Investore earnings, dividends to get boost from Bunnings acquisition
By Paul McBeth Jan. 23 (BusinessDesk) - Investore Property will pay just below book value to buy three Bunnings stores from manager Stride Property Group in a deal which will boost earnings and dividends, says the independent adviser. Shareholders of Investore will vote on...
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