Latest State Owned Enterprises Headlines

Radio New Zealand board appointment

Wed, 13 Sep 2017 17:11:49 +1200 | New Zealand Government

Arts, Culture and Heritage Minister Maggie Barry has announced the appointment of experienced Wellington businessman Mike (MOD) O’Donnell to the board of Radio New Zealand.More >>

CORRECT: KiwiRail's net loss widens

Fri, 25 Aug 2017 18:36:17 +1200 | BusinessDesk

Aug. 25 (BusinessDesk) - KiwiRail, the state-owned rail and freight operator, said its full year net loss widened while the operating surplus sank by almost a third due to the impact of the Kaikoura earthquake in November.More >>

KiwiRail's net loss widens and operating surplus falls

Fri, 25 Aug 2017 17:49:14 +1200 | BusinessDesk

Aug. 25 (BusinessDesk) - KiwiRail, the state-owned rail and freight operator, said its full year net loss widened while the operating surplus sank by almost a third due to the impact of the Kaikoura earthquake in November.More >>

Kiwibank chief Paul Brock to depart at the end of the year

Tue, 22 Aug 2017 16:50:08 +1200 | BusinessDesk

Aug. 22 (BusinessDesk) - Kiwbank chief executive Paul Brock will leave the state-owned lender at the end of the year, ending seven years in charge of the country's fifth biggest bank. More >>

Transpower to pay $165 mln dividend to Crown

Thu, 17 Aug 2017 16:14:42 +1200 | BusinessDesk

Aug. 17 (BusinessDesk) - Transpower, the state-owned national grid operator, kept its $165 million dividend payment to the government largely unchanged after a year of cutting costs saw a small increase in underlying earnings. More >>

Transpower releases 2016/17 annual result

Thu, 17 Aug 2017 14:07:41 +1200 | Transpower

Transpower New Zealand today released its annual results for the 2016/17 financial year. Revenue increased to $1,061.1 million, up 3% from 2015/16. The increase was a result of uplifts to the inputs used in the calculation of our allowable transmission ...More >>

Contact looks to tighten market after 'crappy quarter'

Mon, 14 Aug 2017 20:32:38 +1200 | BusinessDesk

Aug. 14 (BusinessDesk) - Contact Energy is looking to tighten electricity supply, saying it will seek better prices for roughly half a terawatt hour of its total annual generation either from commercial and industrial customers, wholesale spot market ...More >>

Sale of Reefton Assets

Tue, 8 Aug 2017 16:41:32 +1200 | Solid Energy NZ

Solid Energy has today completed the sale of its remaining Reefton assets to Moore Mining Ltd. The sale comprises the Reddale and Burkes Creek mining operations near Reefton, with the associated coal washery and plant and equipment.More >>

NZ Post to Pilot Multi-Brand Subscription Parcel Service

Mon, 7 Aug 2017 11:52:39 +1200 | NZ Post

NZ Post is about to launch a trial for a new delivery service for Kiwi online shoppers, called Shipmate. More >>

Crown Irrigation Invests $815,000 in Manuherikia Water

Wed, 2 Aug 2017 09:16:36 +1200 | Crown Irrigation Investments

2 August 2017 - Crown Irrigation Investments Ltd. (Crown Irrigation) has agreed to provide development grant funding of $815,000 for remaining Manuherikia Water Project pre-feasibility phase investigations. More >>

Railway man’s bravery honoured

Mon, 31 Jul 2017 16:53:47 +1200 | KiwiRail

Railway man’s bravery honoured A plaque honouring the courage of railway man Corporal Leslie Andrew has been unveiled today at Wellington Railway Station by KiwiRail Chief Executive Peter Reidy, The Rail Heritage Trust and Corporal Willie Apiata VC. Corporal ...More >>

Taxpayers environmental liability from Solid Energy mines

Sun, 30 Jul 2017 14:16:07 +1200 | Forest And Bird

Forest & Bird says evidence of corporate welfare and dirty deals is mounting up as the Government’s sale of Stockton coal mine progresses. More >>

Leak Reveals National Plans to Privatise Transpower

Wed, 26 Jul 2017 14:35:23 +1200 | New Zealand First Party

Leak Reveals National Plans to Privatise Transpower NZ First says a leaked January 2017 presentation to Transpower by Swiss Investment Bankers UBS reveals the National Government intends to privatise the National Grid. “We have evidence National is ...More >>

IwiRail Policy gets thumbs up but NZ First are opportunists

Thu, 13 Jul 2017 15:24:35 +1200 | Gisborne Rail Coalition

The Gisborne rail coalition is describing the IwiRail regional development policy launched by the Maori Party yesterday as a "the best plan in town" that is winning the hearts and minds of local rail campaigners.More >>

'IwiRail' nothing less than economic sabotage

Wed, 12 Jul 2017 14:11:24 +1200 | New Zealand Taxpayers' Union

The Taxpayers’ Union is staggered at the economic recklessness of the Maori Party’s “IwiRail” announcement, labeling it 'populist economic sabotage'. More >>

Ferry sailing cancellations

Wed, 12 Jul 2017 13:28:32 +1200 | KiwiRail

Sailings of the Interislander ferries have been cancelled due to the deterioration of weather in Cook Strait, with the up to 7-metre-high waves arriving earlier than predicted.More >>

Henare te Ua – RNZ Māori Journalism Internship

Mon, 10 Jul 2017 12:17:58 +1200 | Radio New Zealand

Te Aniwa Hurihanganui (Ngāti Porou, Ngāti Tuhourangi, Ngāti Tuwharetoa) is the recipient of the inaugural Henare te Ua Māori Journalism Internship established earlier this year by Radio New Zealand to support Te reo Māori and foster Māori ...More >>

Old faithful hangs up its hat

Tue, 4 Jul 2017 13:54:37 +1200 | Cawthron Institute

After 16 years of service, Cawthron’s first liquid chromatography-mass spectrometer (LC-MS) is hanging up its hat, making room for new technology. The inner workings of the retired instrument dubbed ‘Old Faithful’ has been mounted in honour of ...More >>

Treasury's Landcorp advice shows challenge to investment

Mon, 3 Jul 2017 13:36:01 +1200 | BusinessDesk

July 3 (BusinessDesk) - State-owned enterprise Landcorp Farming has repeatedly clashed with the government’s financial adviser, the Treasury because it wants to reinvest cash to grow its business rather than return it to the government as dividends, papers ...More >>

New CRI contracts on their 25th anniversary

Mon, 3 Jul 2017 12:15:02 +1200 | New Zealand Government

Science and Innovation Minister Paul Goldsmith has welcomed the start of new funding contracts for New Zealand’s Crown Research Institutes (CRIs), which will enable a more strategic approach to science as they celebrate their 25thanniversary during ...More >>


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