Mercury Energy has recorded a huge surge in profit, thanks to favourable hydro conditions and renewable power generation.

The energy gentailer has announced annual net profit for $321-million, up from just $1 million last year.

The previous year had been affected by unusually dry and calm conditions, and faster-than-expected depletion of gas reserves - issues that also affected most other power generators.

CEO Stew Hamilton says this profit has been boosted by new investments made by the company. 

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Mercury Energy has recorded a huge surge in profit, thanks to favourable hydro conditions and renewable power generation.
The energy gentailer has announced annual net profit for $321-million, up from just $1 million last year.
The previous year had been affected by unusually dry and calm conditions, and faster-than-expected depletion of gas reserves - issues that also affected most other power generators.
CEO Stew Hamilton says this profit has been boosted by new investments made by the company.&nbsp;
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Stew Hamilton: Mercury Energy CEO on the company posting an improved increase in earnings

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/836ee723-f49b-4d10-b835-b4aa0072ac71/transcript

The big US companies used to buy back more shares than they issued, but that's changed in recent months.

The latest bank estimates claim 2026 could be the first year in almost three decades that that reverses.

Milford Asset Management expert Brendan Larsen explained further.

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The big US companies used to buy back more shares than they issued, but that's changed in recent months.
The latest bank estimates claim 2026 could be the first year in almost three decades that that reverses.
Milford Asset Management expert Brendan Larsen explained further.
LISTEN ABOVE

Brendan Larsen: Milford Asset Management expert on what the demand for shares and bonds means for investors

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/309d1d8d-0282-42d9-8a42-b4ab007e9acb/transcript

The boss of Fletcher Building says the company's in a much better position now than it was this time last year.

It's reported a full year net profit of $228 million, up from a net loss of $419 million last year.

The company has sold several business arms - including its Fletcher Construction division to French multinational Vinci.

CEO Andrew Reding says this is a very good start for the business - but the journey's not over just yet.

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The boss of Fletcher Building says the company's in a much better position now than it was this time last year.
It's reported a full year net profit of $228 million, up from a net loss of $419 million last year.
The company has sold several business arms - including its Fletcher Construction division to French multinational Vinci.
CEO Andrew Reding says this is a very good start for the business - but the journey's not over just yet.
LISTEN ABOVE

Andrew Reding: Fletcher Building CEO on the company returning to profit after downturn

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/601e874e-8de6-4870-b465-b4ab006ef037/transcript

Air New Zealand is rolling out automatic re-booking technology to international flight cancellations after rolling it out for domestic flights mid-last year.

The airline says previously, re-booking customers after a long-haul cancellation took up to six hours.

Ground and In-Flight Chief Operations Officer, Kate Boyer, says itineraries will now be automatically rebooked - usually in under 20 minutes.

"We're using an algorithm to search for seats and availability, and make sure we can give customers a sort of certainty on their plans."

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Air New Zealand is rolling out automatic re-booking technology to international flight cancellations after rolling it out for domestic flights mid-last year.
The airline says previously, re-booking customers after a long-haul cancellation took up to six hours.
Ground and In-Flight Chief Operations Officer, Kate Boyer, says itineraries will now be automatically rebooked - usually in under 20 minutes.
"We're using an algorithm to search for seats and availability, and make sure we can give customers a sort of certainty on their plans."
LISTEN ABOVE

Kate Boyer: Air NZ Ground and In-Flight Chief Operations Officer on the airline revealing a new rebooking system to international flights

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7e72c2ff-4832-4dd3-8cd9-b4ab00649609/transcript

Stew Hamilton: Mercury Energy CEO on the company posting an improved increase in earnings

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