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25 stories mentioning ASX:MEZUpdated 3d ago

Every FINWIRES story that references ASX:MEZ, newest first.

Asia

New Zealand Shares Fall; Fletcher Building Sells South Australia Industrial Property for Over AU$20 Million

New Zealand shares ended lower on Thursday amid a broad-based decline in Asian shares as inflation fears impacted US Treasury bonds.The S&P/NZX 50 Index fell 0.46% or 60.06 points to close at 12,965.01.The US Treasury two-year yield rose to 4.07%, and the 10-year yield rose 4.5% amid investors' expectations of an upcoming Federal Reserve rate hike as inflation pressures rise.In domestic news, petrol and diesel prices in New Zealand increased by nearly 13% and 37%, respectively, in April compared with the previous month, according to a Stats NZ selected price indexes report.Also, New Zealand's manufacturing sector showed only marginal growth in April, as weakening demand and production pointed to a clear slowdown amid rising global uncertainty and softer business conditions, BusinessNZ said.In corporate news, Fletcher Building (ASX:FBU, NZE:FBU) entered into an unconditional agreement to sell its surplus Iplex Australia industrial property in Elizabeth for AU$20.1 million to an industrial property investor.Meridian Energy (ASX:MEZ, NZE:MEL) secured approval to develop the Bunnythorpe Energy Park in Manawatu in New Zealand's North Island, featuring a 120-megawatt (MW) solar farm alongside a previously approved battery energy storage system.

^NZ50ASX:FBUASX:MEZNZE:FBUNZE:MEL
Asia

Meridian Energy Secures Consent for 120-Megawatt North Island Solar-Battery Park

Meridian Energy (ASX:MEZ, NZE:MEL) secured approval to develop the Bunnythorpe Energy Park in Manawatu in New Zealand's North Island, featuring a 120-megawatt (MW) solar farm alongside a previously approved battery energy storage system, according to a Friday filing with the Australian and New Zealand bourses.The project will feature about 250,000 solar panels that are expected to produce around 225 gigawatt-hours of electricity each year, enough to power roughly 30,000 homes, per the filing.The development is part of the company's NZ$3 billion renewable energy investment plan through 2030 and comes after its first energy park project at Ruakaka, the filing said.The project is expected to generate more than 100 local construction jobs and contribute up to NZ$50 million in local spending, with a final investment decision expected in the fourth quarter of fiscal 2027, the filing added.

ASX:MEZNZE:MEL
Asia

Meridian Energy Retail Contracted Sales Volumes Rise in April

Meridian Energy's (ASX:MEZ, NZE:MEL) retail contracted sales volumes rose to 799 gigawatt hours (GWh) in April from 738 GWh a year earlier, according to a Friday filing with the New Zealand bourse.Compared with the prior corresponding period, residential sales soared 25%, large business sales rose past 11%, small medium business sales increased 9.2%, and agriculture and corporate sales rose 6.1% and 0.8%, respectively.National electricity demand in April was 3.7% higher compared with the year earlier. In the month to May 11, national hydro storage increased to 119% from 106% of the historical average, per the filing.Total inflows for April reached 98% of the historical average.

ASX:MEZNZE:MEL
Asia

Meridian Energy Joins S&P Dow Jones Best-in-Class World Sustainability Index

Meridian Energy (ASX:MEZ, NZE:MEL) has been included in the S&P Dow Jones Best-in-Class World Index, which measures corporate sustainability performance globally, according to a Tuesday filing with the Australian and New Zealand bourses.The index is based on S&P Global's corporate sustainability assessment, an independent evaluation that assesses organizations on resilience, governance, risk management, and the quality and transparency of their environmental, social, and governance disclosures, the filing said.

ASX:MEZNZE:MEL
Asia

Meridian Energy Retail Contracted Sales Volumes Rise in March

Meridian Energy's (ASX:MEZ, NZE:MEL) retail contracted sales volumes rose to 876 gigawatt hours (GWh) in March from 786 GWh a year earlier, according to a Friday filing with the Australian and New Zealand bourses.Compared with the prior corresponding period, residential sales soared nearly 28%, large business sales rose over 14%, small medium business sales increased 8.2%, and agriculture and corporate sales rose nearly 31% and 1.7%, respectively.National electricity demand in March was 4.5% higher, compared with the year earlier. In the month to April 13, national hydro storage decreased to 106% from 110% of the historical average, per the filing.Total inflows for March reached 74% of the historical average.

ASX:MEZNZE:MEL

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