Dividend payers lead NZ market down
New Zealand shares fell yesterday from a record close paced by Meridian Energy, Precinct Properties New Zealand and Spark New Zealand, as the appetite waned.
New Zealand shares fell yesterday from a record close paced by Meridian Energy, Precinct Properties New Zealand and Spark New Zealand, as the appetite waned.
New Zealand shares rose yesterday, heading back towards a record high after a two-day slide.
Meridian Energy is replacing two of its transformers at its Manapouri power station after finding a fault with cooling units.
New Zealand shares fell for a second day as the kiwi dollar's slide to a four-year low sapped overseas investor appetite for high-yielding stocks.
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.
Hydro lake levels are falling and wholesale power prices rising as drought threatens in parts of the country.
Geothermal has pipped gas generation for the first time as more plants come on stream.
Power companies' margins on retail electricity tariffs are unsustainably high, says a new report on listed NZ electricity stocks.
New Zealand shares fell yesterday, paced by Meridian Energy, Contact Energy and Mighty River Power as some investors looked to crystallise recent gains.
Land bought by Meridian for its controversial $2b wind farm is on the market spelling the final chapter of the failed project.
Call me a Luddite, but I don't want a "smart" electricity meter installed at home, and certainly not without my knowledge or consent.
Meridian Energy will watch first for closure of fossil fuel-fired power station.
Check out a snapshot of some of the stellar performers on the New Zealand sharemarket this year, as it surged ahead breaking new records.
Investors in Genesis Energy, Mighty River Power and Meridian Energy were more than $600 million richer on paper at one point yesterday after their shares were boosted by National's decisive victory.
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.
Meridian Energy's Wellington head office continues to win awards for its green credentials nearly seven years after it was completed.
The National Government's asset sale programme is complete but the debate about the process just won't go away.
The Treasury would have liked more "Mum and Dad" small investors to have bought shares in electricity generators Mighty River Power and Meridian Energy.
Households will be socked with power bill increases of as much as 24% next month and power firms and network operators are blaming each other over who is responsible.
The NZX will run out of steam unless companies, particularly the larger ones, can take advantage of the stronger economy, writes Brian Gaynor.
Indigestion triggered by the size of the Govt's power company floats and investors wanting to take profits are being blamed for a fall in NZ's benchmark index.
Meridian Energy's instalment receipts traded at another post-float low today after a number of factors - including regulatory risk - combined to work against the stock.