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Rising bond yields, energy stocks bring NZ shares down
The New Zealand sharemarket fell to end a volatile trading week.
The New Zealand sharemarket fell to end a volatile trading week.
Big businesses have been granted an exemption to import and introduce rapid antigen tests.
Electricity giant promotes its 100% renewable credentials, but warns of need for gas.
Industry group claims 'accelerating super profits' at New Zealand's largest generator.
Contact Energy put in a solid earnings result for the 2021 year,
Contact lifted its earnings by 24 per cent and wants NZ's thermal assets to consolidate.
The Government's plans for energy may be contributing to the problems seen on Monday.
Contact Energy now has all its loans in a sustainable finance portfolio.
One geothermal station is almost as bad as burning gas. Made with funding from NZ On Air.
The NZX is extending its trading hours by 45 minutes today.
Investors' focus is on Meridian and Contact as an index change looms.
Megan Woods questions state of electricity prices amid hydro and gas shortage.
Several major businesses have taken advantage of Generator space.
A routine spraying operation to control pests goes wrong, killing 1.1ha of vegetation.
Contact Energy has outlined its plans for a capital raised to build new plant near Taupō.
Contact Energy said it plans to raise $400m to build a new power station near Taupō.
Broker takes another look at the energy sector after Rio Tinto opts to keep Tiwai open.
Waikato River ran brown for two days after Contact's geothermal water and sediment spill.
Contact shares have rallied on speculation that it main join a key investment index.
Meridian says Labour's plan for pumped hydro at Lake Onslow would carry big risks.
The electricity sector is facing a 'black swan' event - Contact CEO Mike Fuge says.
Contact and Meridian shares have rallied on the back of a Transpower grid upgrade.
An ambitious concept is suddenly being held up as a jobs rich nation building project.
It's a challenge for investors as well as power generators.
The closure of the Tiwai Point smelter will usher in a new era for NZ's power generators.
"We felt that it was a pretty compelling package," Meridian CEO says.
Energy prices may fall but consumer power bills may also be affected by transmission cost.
New Zealand's power generators were hit hard by Tiwai's closure.
Shifting excess power north means transmission charges could climb.