Dene Mackenzie

Extra efforts for Genesis float

Extra efforts for Genesis float

The Government is taking extra steps to try to ensure the Genesis Energy share offer is successful after disappointing post-float performances by the two other energy companies, Mighty River Power and Meridian Energy.

Mighty River operating earnings up 4% despite dry conditions

Mighty River Power overcame low hydro inflows and dry conditions to meet its early targets and report a 4% increase in operating earnings for the six months ended December.

A2 moving its focus to US market

A2 moving its focus to US market

The launch of a2 milk in the United States had become a priority for the company A2, now the United Kingdom business was established and showing growth, managing director Geoffrey Babidge said yesterday.

Key upbeat about Genesis incentives

Key upbeat about Genesis incentives

Prime Minister John Key expects prospective investors in Genesis will react well to incentives likely to be announced today by Finance Minister Bill English.

Airline results contrast expected

Airline results contrast expected

Air New Zealand is expected to deliver a much improved reported profit when it releases its financial results tomorrow, Forsyth Barr broker Andrew Rooney said.

PGG Wrightson profits on rise in most business units

PGG Wrightson was on a steady path to reclaiming its position as a leading option for investors seeking exposure to the ongoing strength of New Zealand agriculture, its chief executive Mark Dewdney said yesterday.

Heartland's lift in profit as expected

Heartland's lift in profit as expected

Listed bank Heartland New Zealand produced a solid result in line with guidance with the real catalyst being the recently announced acquisitions, Forsyth Barr broker Haley Van Leeuwen said yesterday.

1.27% loss for super fund

The Government Superannuation Fund fell in value in January by 1.27% but still managed to return 19.33% on its nearly $25 billion in assets in the year ended January.

Expect incentives for Genesis: PM

Expect incentives for Genesis: PM

Prime Minister John Key expects prospective investors in Genesis to react well to incentives likely to be announced tomorrow by Finance Minister Bill English.

Uncertainty plagues Chorus announcement

Uncertainty plagues Chorus announcement

There was not much to like in the Chorus profit announcement for the six months ending December, as the financial profitability of the lines network company hinges on a Commerce Commission decision.