The Financial Services Council has replaced chair Jenny Shipley, who is facing legal action from Mainzeal's liquidators.

Former Prime Minister Dame Jenny Shipley's lawyer says she will vigorously defend legal action she is facing from the liquidators of collapsed property group Mainzeal.

Is the Govt really getting double the amount of dividends from its sold down power companies?

New Zealand shares rose yesterday, paced by Genesis Energy, Contact Energy and Mighty River Power in a relief rally as Meridian Energy's instalment came due.

The rise of online shopping, discount-obsessed consumers - when it comes to trading challenges listed retailers have their fair share. And there's a new one appearing on the horizon. Through a rule....

Genesis Energy shares are down after the company cut its forecast for annual earnings after losing electricity and gas customers amid increased competition.

Shares in Mighty River Power and Meridian Energy have been coming off the boil, but there are few obvious reasons for a recent slump in their stock prices.

NZ shares rose to a fresh record yesterday, paced by Mighty River Power, Meridian Energy and Genesis Energy as investors mulled possible lower interest rates across the Tasman.

New Zealand shares rose to a new record close yesterday as holidays in Auckland and Australia kept trading volumes light.

Mighty River Power and Meridian Energy will keep the price they charge for electricity on hold this year for the third year in a row.

Power companies' margins on retail electricity tariffs are unsustainably high, says a new report on listed NZ electricity stocks.

Genesis has raised US$150 million in its first issue of notes in the US private placement market and will use the funds to repay bank debt.

It's shaping up to be another bumper year for the NZ sharemarket, with the NZX 50 up more than 14pc and trading at record levels.

The New Zealand share market pushed higher to a new record high at midday today. Here are four reasons why.

Call me a Luddite, but I don't want a "smart" electricity meter installed at home, and certainly not without my knowledge or consent.

The New Zealand share market has continued its record-breaking run, with the NZX50 Index hitting its highest ever point.

New Zealand shares gained for a third day yesterday, paced by Contact Energy and TrustPower, as investors spooked by recent volatility sought high-yield stocks. Fisher & Paykel Healthcare rose to a record.

Investors in listed power companies appear to be betting the National Party will retain the government benches at Saturday's general election.

Analysts have mixed views on the outlook for the upcoming earnings season as some of NZ's biggest and most widely held firms prepare to report their annual results.

Kiwis sick of pesky salespeople knocking on their doors in the middle of dinner are in for some relief.

The National Government's asset sale programme is complete but the debate about the process just won't go away.

Shares in Genesis Energy closed up 26c to $1.81 after the first day of trading.

For the Govt calmer international waters would have been preferable for a big float like Genesis, particularly as so many small investors have been encouraged to take part, writes Greg Fraser.

Warehouse boss Mark Powell wasn't afraid to speak candidly about his pay packet with business journalists in Auckland last week.

Strong demand for shares in Genesis Energy saw the public pool heavily scaled back yesterday, raising the ire of investors who missed out on getting their desired levels of stock but also reflecting the offer's popularity.

Intense investor interest in the upcoming float of Genesis Energy is forcing a heavy scaling back of broker and institutional share allocations well before the April 14 deadline.