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Meridian Energy sells US solar plant

by Catalina Kitterman (2019-08-02)

In February, Meridian reported a 6 per cent increase in underlying earnings to $83m, property beating the forecast in last year's offer document, with high inflows to hydro-lakes swelling its generation in the period.

120px-BBC_News_%282008%29.svg.png"Since a decision was made to exit the US market to focus on our operations in New Zealand and Australia, we have been working hard to wind up and sell all of the parts of our US subsidiary," Meridian general manager external relations Guy Waipara said.

BusinessDesk - Holcim New Zealand is moving ahead with plans to exit manufacturing in New Zealand and chief executive Jeremy Smith is losing his job as the business will be run from Australia in future.

"This confirmation of start dates can be taken as a sign of the global company's confidence in the strength of the New Zealand market and in particular opportunities with the rebuild of Christchurch post-earthquake," Mr Smith said.

WELLINGTON, June 30 BusinessDesk - Warehouse Group, New Zealand's largest retailer, will take over five Auckland store leases and offer employment to staff when Australian discount electrical goods retailer The Good Guys exits the New Zealand property market.

Warehouse chief executive Mark Powell said the company would offer employment to as many of the Good Guys workers as possible and allow customers to return faulty product through its Noel Leeming appliance stores.

120px-Chenille_de_Grand_porte_queue_%28mAuckland-based Warehouse will take over leases at Albany, Wairau Park, Manukau, Botany and Sylvia Park and utilise the spaces across a mix of its brands which include The Warehouse, Warehouse Stationery, Noel Lemming Group, Torpedo 7 and R&R Sports.

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