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Power prices set to spike as lake levels drop

Consumers may need to get used to higher electricity prices this year as 2018 starts with the lowest hydro lake levels since 2008, the period when New Zealand last experienced extremely low lake levels for a prolonged period. (4-0)

Brokers Picks: The 2017 results look good

It has been a good year for local equities. In fact we're not far from being able to call it a good decade with the NZX bull-run moving into its ninth year in 2018. (4-1)

Meridian buys three Australian hydro stations

The future of the three stations, which the Tauranga-based company inherited when it split from Tilt Renewables, had been under review since August to see if they still fit with its strategic plans. (2-0)

NZ shares fall in light trading

New Zealand shares fell, led lower by Freightways and Kathmandu Holdings in the last full day of trading before Christmas, while Comvita, Synlait Milk and Moa Group gained. (8-0)

Contact energy sells gas storage facility

Power company Contact Energy is selling its gas storage facility in Taranaki to Gas Services New Zealand for $200 million. (2-0)

Air New Zealand leads sharemarket lower

New Zealand shares dropped, led lower by Air New Zealand and Contact Energy while Scales Corp and Oceania Healthcare gained. (10-0)

NZ shares rise, Comvita and Trilogy jump while Xero drops

New Zealand shares gained in heavy turnover as Xero dropped on leaving the benchmark index, while Comvita and Contact Energy gained. (2-0)

NZ shares edge up as NZX leads late recovery, Air New Zealand falls

New Zealand shares edged up to a new record, led by stock market operator NZX and as investors changed their tune on a2 Milk Co late in the day. Air New Zealand fell on disappointing monthly metrics. (31-0)

Sharemarket edges lower amid quiet trading

New Zealand shares edged lower in quiet trading as investors weighed up the mixed messages from Wall Street on Friday and NZX's trading platform suffered an outage late in the day. Synlait Milk declined ahead of an investor update this week. (19-0)

Australian shares flat as materials and financials diverge; NZ down

2017-12-04 themalaymailonline
Rio Tinto, after months of speculation, appointed Simon Thompson as its next chairman to succeed Jan Du Plessis. — Reuters picSYDNEY, Dec 4 — Australian shares were steady today, as gains in materials stocks on strong commodity prices were offset by declines in the financial sector. (27-0)

Brian Gaynor: Myer fight shows investors need to act

The battle for control of Myer, the large Australian department store operator, is generating huge media interest across the Tasman. (2-0)

Stock Takes: Cash injection needed for Orion Health?

Questions are being raised about whether Orion Health will need to raise more cash after its poor half-year result. (2-0)

NZ shares rise on $1.4 billion day

New Zealand shares gained on a day when turnover topped $1.4 billion, with trading dominated by Fisher & Paykel Healthcare and Contact Energy due to their reweighting in MSCI indexes. (13-0)

NZ shares gain, Ryman hits record

New Zealand shares rose as Ryman Healthcare climbed to a new record after last week's strong earnings result, while upcoming index reweightings stoked demand for Fisher & Paykel Healthcare while weighing on Contact Energy. (28-0)

Kathmandu leads stockmarket higher

New Zealand shares rose, led by Kathmandu Holdings ahead of its annual meeting, while Metro Performance Glass gained on its first-half earnings. (19-0)