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3 May 2024

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Reserve Bank reminds retailers to train new cash handlers on fake note detection
“New Zealand doesn’t have a huge counterfeiting problem, and the fake banknotes we do see are low quality and easily detected using the look-feel-tilt method,” says Graeme Denny, Senior Manager of Cash Services at the Reserve Bank of New

Infratil establishes Australian renewable energy platform
Infratil Limited is pleased to announce the establishment of Mint Renewables Limited (‘Mint Renewables’), a new renewable energy platform focused on Australia.

Manawa Energy Q2 Operating Report & Market Guidance Update
Electricity generator and renewables developer Manawa Energy ('Manawa') has revised its forecast earnings for the 12 months to 31 March 2023

Infratil makes $1.2 billion profit, driven by the sale of Tilt Renewables
Infratil has reported a $1.2 billion full-year profit, driven by the sale of its majority stake in Tilt Renewables for $965 million in the first half.The infrastructure company made a $16m loss last year.In terms of operating...

Tilt sale boosts Mercury H1 bottom line, underlying earnings fall
Mercury NZ's sale of its 19.9 per cent stake in Tilt Renewables boosted its bottom line for the first half while underlying earnings fell due to dry conditions and an outage at its Kawerau geothermal plant.The power company's net...

Contact Energy reveals 31 per cent rise in first-half earnings
Contact Energy has reported a strong rise in operating earnings on the back of strong hydro generation and given a positive outlook for renewables development.Wellington-headquartered Contact said its earnings before interest, tax,...

Meridian warns wholesale electricity prices may stay high for 'some time'
Company says NZ needs to invest $7 billion in renewables but 'long term trend' is for falling power prices.

Tilt Renewables Limited (NZX: TLT) Completion of Scheme of Arrangement
Tilt Renewables Limited, confirms that its New Zealand incorporated subsidiaries were acquired by Mercury Wind Limited this morning and, following that, 100% of the shares in Tilt Renewables were acquired by Powering Australian Renewables

MCY - Amazon deal supports Mercury's renewables pipeline
Mercury has agreed a long-term Corporate Power Purchase Agreement with Amazon for renewable energy for their Auckland data centres, planned for launch in 2024

Mercury raises earnings outlook, Tilt NZ sale boosts net profit
Power generator and retailer Mercury NZ said its operating earnings lifted thanks to the addition of wind generation and performance improvements after what it said was a "transformative" year.The company's ebitdaf came to $581...

NZSA singles out Tilt directors for showing courage under fire
The New Zealand Shareholders' Association (NZSA) has singled out Fiona Oliver, Anne Urlwin, Phillip Strachan and Geoff Swier as the winners of its "Beacon" Award for their actions as independent directors at Tilt Renewables in 2018.The...

Infratil flags larger dividends after results buoyed by sale of Tilt Renewables
Investment fund Infratil has reported the largest surplus in its 27 year history on the back of the sale of its renewable energy business.Wellington-headquartered Infratil announced a net parent surplus from continuing operations...

Infratil Limited (NZX: IFT) Commits to Development of Renewables in Asia
Infratil Limited today announced it is committing US$233m to establish Gurin Energy, a renewable energy development platform headquartered in Singapore which will focus on greenfield renewable projects across Asia