Meridian Energy says it’s ready for partial privatisation and expects a significant uplift in operating earnings in the second half after transmission outages and heavy rainfall knocked its performance in the six months to Dec. 31. The state-owned power company’s accounts also show a strong positive bounce in the unrealised value of its contracts to service the Bluff aluminium smelter, …

ew Zealand Post Group, the state-owned postal service, posted a 68 percent jump in first-half profit as stronger earnings from KiwiBank and Express Couriers made up for the continued slide at its core postal service. Profit rose to $59.6 million in the six months ended Dec. 31, from $35.4 million a year earlier, the Wellington-based company said in a statement. …

Mainzeal director Richard Yan has stepped down from the New Zealand China Council’s executive board of his own volition. newzealandinc.com believes Yan – who has been a passionate advocate for a strong relationship between New Zealand and China – would not have wanted to cause any issues for the recently formed council. Yan earlier appeared on the council’s executive board …