![Power giants surge $365m on election result](/pf/resources/images/placeholders/placeholder_l.png?d=795)
Power giants surge $365m on election result
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.
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.
Shares in Mighty River Power have finally rallied over their issue price after trading substantially below it for most of the company’s life.
New Zealand financial markets are expected to firm when they open today after the National Party secured the first ever outright win.
Gwen Stefani, Dr Dre and Stephen Fry, along with a swarm of experts from the worlds of technology and fashion, last week made their annual pilgrimage to Cupertino, California.
Fletcher Residential has applied to Auckland Council to have the Three Kings quarry re-zoned for apartments up to 10 levels high in the deep pit.
Increased KFC sales helped boost Restaurant Brands revenue 5.8 per cent to $108 million in the second quarter.
Advertising company Snakk Media has announced the opening of a new division, Represent Media, and signed ESPN as its first major customer.
Miner and steelmaker Arrium is asking its shareholders to cough up more than A$750 million ($829 million) to pay down its debt pile in the face of sliding iron ore prices.
Vista has been issued a please explain by NZX regulators after its stock gained 24 per cent since the start of the month.
Markets rise and fall because they are driven by human emotion and those who are savvy enough to recognise them, are also savvy enough to take advantage of them.
NZ's largest listed retailer, The Warehouse, expects earnings to rise this financial year following an 18 percent drop in 2014.
Peter Karpas, Xero's North America chief executive has quit just six months after joining the cloud-based accounting software company
What should an inflation-targeting central bank do when inflation is proving unexpectedly slow to make an appearance?
The 300-strong, record turnout at last weekend's Shareholders Association annual conference helped illustrate a major challenge facing the local sharemarket.
Jetpack maker the Martin Aircraft Company says it has raised $6.5 million in a private capital raising ahead of its planned sharemarket listing.
A major issue with KiwiSaver, from the FSC's perspective, is that too many KiwiSavers are in low risk, low return conservative KiwiSaver funds.