Mercury Energy's earnings have fallen on the back of weaker renewable electricity generation, and its bottom-line profit has taken a hit.

The company's profit has plunged from $290 million to just $1 million, due to tough power generation conditions.

Despite this, Mercury Energy CEO Stew Hamilton is hopeful ahead of another financial year.

"We're investing heavily in new power plants - we're investing about $1 billion in new power plants at the moment. That's from the top of the north to the bottom of the south."

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Mercury Energy's earnings have fallen on the back of weaker renewable electricity generation, and its bottom-line profit has taken a hit.
The company's profit has plunged from $290 million to just $1 million, due to tough power generation conditions.
Despite this, Mercury Energy CEO Stew Hamilton is hopeful ahead of another financial year.
"We're investing heavily in new power plants - we're investing about $1 billion in new power plants at the moment. That's from the top of the north to the bottom of the south."
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With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Stew Hamilton: Mercury Energy CEO on the company's recent drop in profitability

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/403b0dd9-580e-40a1-b550-b33e0073d9b9/transcript

The UK has moved to the imports of goods from Israeli settlements in the illegally occupied West Bank.

France, Canada and Spain are among the 12 countries imposing similar sanctions - but Australia and New Zealand haven't followed suit as of yet. 

UK correspondent Gavin Grey says the Government is being quite tough on this situation, with Foreign Secretary Ed Miliband using 'extraordinary' languages about the matter.

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The UK has moved to the imports of goods from Israeli settlements in the illegally occupied West Bank.
France, Canada and Spain are among the 12 countries imposing similar sanctions - but Australia and New Zealand haven't followed suit as of yet.&nbsp;
UK correspondent Gavin Grey says the Government is being quite tough on this situation, with Foreign Secretary Ed Miliband using 'extraordinary' languages about the matter.
LISTEN ABOVE

Gavin Grey: UK correspondent on the UK announcing sanctions on West Bank settlements

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/036a5fce-226a-4907-8feb-b4c00083f889/transcript

The Government is looking to crack down on ACC-based fraud, but questions have been raised over the details of this move.

ACC Minister Scott Simpson recently promoted that number of fraud investigations launched by ACC increased '12-fold' from two in the 2023 calendar year to 24 in 2025.

In the eight months to the end of August this year, it launched 38 investigations.

NZ Herald Wellington business editor Jenee Tibshraeny explained that the ACC sees millions of claims a year, and there's been a decrease in interventions in claims.

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The Government is looking to crack down on ACC-based fraud, but questions have been raised over the details of this move.
ACC Minister Scott Simpson recently promoted that&nbsp;number of fraud investigations launched by ACC increased '12-fold' from two in the 2023 calendar year to 24 in 2025.
In the eight months to the end of August this year, it launched 38 investigations.
NZ Herald Wellington business editor Jenee Tibshraeny explained that the ACC sees millions of claims a year, and there's been a decrease in interventions in claims.
LISTEN ABOVE

Jenee Tibshraeny: NZ Herald Wellington business editor on ACC Minister Scott Simpson promising a crackdown on fraud

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/ecfcc788-fe61-4eb8-ab34-b4c0007eee57/transcript

After a tough year for KMD Brands, the company's luck is turning around on the share market.

The company behind Kathmandu and Rip Curl saw its share price go up by 17 percent, largely driven by Australian entrepreneur Josh Rudd buying 6 percent shareholding.

Milford Asset Management expert Jeremy Hutton outlined what this could mean for the company - and whether a full takeover is possible.

LISTEN ABOVE

After a tough year for KMD Brands, the company's luck is turning around on the share market.
The company behind Kathmandu and Rip Curl saw its share price go up by 17 percent, largely driven by Australian entrepreneur Josh Rudd buying 6 percent shareholding.
Milford Asset Management expert Jeremy Hutton outlined what this could mean for the company - and whether a full takeover is possible.
LISTEN ABOVE

Jeremy Hutton: Milford Asset Management expert on KMD Brands' share price going up after 'brutal' few months

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/9d1af32f-bfc2-4fbc-bea4-b4c0007c80e7/transcript

Stew Hamilton: Mercury Energy CEO on the company's recent drop in profitability

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