Mighty River shares up as profit rises
Mighty River shares are up nearly 2 per cent this morning after a good profit announcement.
Mighty River shares are up nearly 2 per cent this morning after a good profit announcement.
New Zealand Oil & Gas says it should have been developing new oil fields by now as reserves at its producing assets dwindle.
Shares in Mighty River Power traded at $2.18 this morning, their lowest point since listing on May 10.
Fletcher Building's Winstone Wallboards unit has temporarily closed a plasterboard factory in Christchurch after finding traces of asbestos in the building.
Which companies have been the best performers on the NZX this year? With graphic.
The Government's announcement of an early November listing for Meridian Energy confirmed market expectations although the timing was a little bit interesting.
Punakaiki Fund, set up by Lance Wiggs, is seeking to raise up to $50m to invest in early stage NZ technology, internet and design companies.
In what turned out to be a tale of two countries, Fletcher Building announced a lift in its annual net profit yesterday, with Australia's economic downturn detracting from a strong showing in New Zealand.
Moa appeared to be lost in the beer market, fund manager Brian Gaynor said as he interrogated its board at the listed beer company's annual meeting yesterday.
Editorial: The Govt has recognised that it needs to make Meridian a much more enticing proposition if it is to attract a far better take-up from mum and dad investors.
The Government has turned up the sweeteners to attract retail investors to the Meridian Energy sharemarket float but analysts say punters need to remain wary of the potential downsides.
Markets writer Tamsyn Parker says details for Meridian Energy's share market float provide both a huge incentive and the potential for a huge disaster for investors, writes Tamsyn Parker.
Details of the Meridian Energy share float have been released, and new shareholders will only have to pay 60 per cent up front for a stake in our biggest power company.
New listings targeted as sharemarket operator reports a bumper half-year with net profit doubling to $6.4m.
Shares in Z Energy debuted on the NZX at $3.73, a 23-cent (6.6 per cent) premium to their $3.50 issue price today.