One of New Zealand's big power companies is throwing their support behind a firm planning to build a large data centre in Southland.

Mercury has invested $53 million for a 12.7 percent minority equity stake in Datagrid NZ.

Mercury CEO Stew Hamilton says the company's looking to invest in a new growth sector - and there's potential to make more investments like this down the track.

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One of New Zealand's big power companies is throwing their support behind a firm planning to build a large data centre in Southland.
Mercury has invested $53 million for a 12.7 percent minority equity stake in Datagrid NZ.
Mercury CEO Stew Hamilton says the company's looking to invest in a new growth sector - and there's potential to make more investments like this down the track.
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 taking a 12.7 percent stake in Datagrid NZ

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a5c48977-1821-49f3-b6b4-b4900072e302/transcript

New Zealand’s agriculture sector should be able to withstand the current El Niño weather pattern, although it may lead to increased farm costs, an agricultural economist says.

Earth Sciences New Zealand this month confirmed El Niño conditions have been reached the tropical Pacific and are expected to strongly influence New Zealand's weather. 

The Country's Jamie Mackay explained further.

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New Zealand’s agriculture sector should be able to withstand the current El Niño weather pattern, although it may lead to increased farm costs, an agricultural economist says.
Earth Sciences New Zealand this month confirmed El Niño conditions have been reached the tropical Pacific and are expected to strongly influence New Zealand's weather.&nbsp;
The Country's Jamie Mackay explained further.
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Jamie Mackay: The Country host on the impacts of the current El Niño weather pattern

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e5e159ec-1c52-497a-ab83-b4900074e6e5/transcript

Australia's unemployment rate stayed at 4.4 percent in June, according to the latest Labour Force data from the Australian Bureau of Statistics.

The rise in employment was driven by a 47,000-person rise in part-time work, pushing it to more than 4.6 million people, with full-time employment also rising up by 29,300 to over 10 million people.

Australian correspondent Murray Olds says the Reserve Bank is looking for unemployment figures to go higher in order to cool the economy down.

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Australia's unemployment rate stayed at 4.4 percent in June, according to the latest Labour Force data from the Australian Bureau of Statistics.
The rise in employment was driven by a 47,000-person rise in part-time work, pushing it to more than 4.6 million people, with full-time employment also rising up by 29,300 to over 10 million people.
Australian correspondent Murray Olds says the Reserve Bank is looking for unemployment figures to go higher in order to cool the economy down.
LISTEN ABOVE

Murray Olds: Australian correspondent on Australia's unemployment rate remaining at 4.4 percent in June

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/75270ed8-0ff2-44af-8d01-b4900056142b/transcript

Recent data has unveiled a silver lining in the latest June-quarter inflation figures.

Rents rose at their slowest rate, annually, in 25 years, according to Stats NZ.

The country’s stock of rents rose by 0.5 percent between the June 2025 and 2026 quarters, continuing the trend of softening increases that began towards the end of 2024.

NZ Herald Wellington business editor Jenee Tibshraeny explained further.

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Recent data has unveiled a silver lining in the latest June-quarter inflation figures.
Rents rose at their slowest rate, annually, in 25 years, according to Stats NZ.
The country’s stock of rents rose by 0.5 percent between the June 2025 and 2026 quarters, continuing the trend of softening increases that began towards the end of 2024.
NZ Herald Wellington business editor Jenee Tibshraeny explained further.
LISTEN ABOVE

Jenee Tibshraeny: NZ Herald Wellington business editor on rents rising at their slowest rate in 25 years

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2f0272b2-292a-41de-8cba-b48f00875e3f/transcript

Stew Hamilton: Mercury Energy CEO on the company taking a 12.7 percent stake in Datagrid NZ

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