Latest New Zealand News

Mercury has lifted its FY2026 EBITDAF guidance by 5%, citing better-than-expected renewable generation from hydro and new assets. The upgrade signals disciplined portfolio management but remains sensitive to hydrological variability.

The Supreme Court of New South Wales has given the green light to the acquisition of National Storage REIT by a Brookfield-GIC consortium, marking a key milestone in a $6.7 billion transaction. Trading in NSR securities will halt as the deal moves toward completion in early May.

Red Sky Energy is raising approximately AUD 4.2 million through a fully underwritten non-renounceable rights issue priced at 0.1 cents per share. The capital will fund participation in Santos-operated wells and support ongoing operations.

CDC Data Centres Australia has clinched its first public investment grade rating from Moody’s, unlocking fresh capital to expand its AI-focused data centre network amid surging demand.

MA Financial Group reported a 44% year-on-year jump in assets under management to $14.8 billion in 1Q26, underpinned by strong lending growth and transactional activity despite asset sales and market volatility.

Cleanaway Waste Management has refreshed its long-term strategy, Blueprint 2030 2.0, focusing on leveraging scale, digitisation, and targeted growth to boost margins and cash flow. The plan builds on solid FY25 financial gains and aims for sustained EPS growth and operational efficiency.

Rua Gold has lodged a Fast-Track Referral application for its Auld Creek gold and antimony project in New Zealand's Reefton Goldfield, aiming to speed up permitting and development under new government legislation.

Rio Tinto (ASX: RIO) has updated details on its fully franked 2025 final dividend, confirming the dividend reinvestment plan (DRP) price and share allocation date. The USD 2.54 per share dividend is payable in multiple currencies with no discount applied to DRP shares.

Coventry Group reported a modest 1.4% rise in Q3 FY26 sales but delivered a striking 72% EBITDA jump in March, driven by operational improvements and cost efficiencies. The upcoming Steelmasters integration promises further upside.

4DMedical lands a contract with pharma giant GSK, gains UKCA certification for its CT:VQ™ lung imaging technology, and joins the S&P/ASX 200, marking a significant step in its global expansion.

Neometals has secured A$7.9 million through a placement and launched a concurrent A$5.1 million entitlement offer to fund gold production at Barrambie and advance lithium exploration in Utah. The capital raise supports a near-term production joint venture and aggressive resource expansion.

Stonepeak-Plus Infra Debt Limited is raising $50-100 million through a new tranche of its INFRA1 Notes, offering a floating rate of BBSW plus 3.25%. The unsecured notes mature in 2032, aiming to broaden investor base and portfolio diversification amid ongoing geopolitical uncertainties.