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Headline News

Sharemarket jumps on A2 Milk's 27% surge

New Zealand shares rose as A2 Milk Co surged on its tie-up with Fonterra Cooperative Group, while Synlait Milk, Fletcher Building and Spark New Zealand dropped. (17-0)

A2 Milk - New Zealand's biggest listed company

A2 Milk shares jumped 25 per cent, making the milk marketing firm New Zealand's biggest listed company on a deal that will give it backing from Fonterra Cooperative Group. (6-0)

Meridian Energy profits fall 12.8 percent from last year

Meridian Energy's first-half profit is down as its power generation dropped 16 percent on the year earlier. (6-0)

Low hydro flows cut Meridian earnings

Meridian Energy, the renewables electricity generator and retailer, posted a 7 per cent fall in first-half earnings as low inflows into its South Island hydro catchments reduced its electricity output. (2-0)

Sharemarket falls on eve of big day for company results

New Zealand shares fell in light trading ahead of a busy day of earnings tomorrow, with Heartland Bank and Fletcher Building dropping while Sky Network Television and Air New Zealand rose. (24-0)

Genesis Energy lifts first-half earnings 28 per cent on demand for wholesale electricity

Genesis Energy lifted first-half earnings 28 per cent as low hydro-lake levels in the South Island boosted the company's demand for wholesale electricity and announced plans to completely phase out coal use by 2030. (6-0)

NZ shares rise; Vital Health, A2 Milk gain

New Zealand shares gained, led by Vital Healthcare Property Trust and A2 Milk Co, as investors prepared for a potential selloff of Fletcher Building once it updates its losses within its construction division. (10-0)

Contact Energy to sell its electricity to Tiwai Point

Contact Energy says it is selling its electricity at a cheap price to the Tiwai Point aluminium smelter partly to help it stay in business. (4-0)

NZ shares fall despite global recovery

New Zealand shares fell less than some analysts feared as the local market returned from a day off and global volatility settled down from selling earlier in the week. The dual-listed Australian banks and growth stocks declined. (14-0)

Solid Energy payments to creditors increasing

New information shows payments inching up for creditors of the failed former state coal miner Solid Energy. (2-0)

Meridian Energy inks three new supply contracts in Australia

Meridian Energy has inked three new supply contracts in Australia giving the owner of the Powerhouse energy retailer more renewables supply from wind farms and a solar farm. (2-0)

NZ shares down, F&P Health and Pushpay drop in light trading

New Zealand shares dipped, led lower by Fisher & Paykel Healthcare and Pushpay Holdings, albeit in light volume as market participants return slowly. (6-0)

NZ shares drop 1.4 per cent on foreign selling

New Zealand shares fell over 1 per cent as foreign investors sold back their stakes, with A2 Milk Co and Meridian Energy hit hardest. (14-0)

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)

Sharemarket slips in thin holiday trade

New Zealand shares slipped in thin holiday trading as appetite declined for companies offering attractive dividend yields, such as regulated utilities Chorus and Genesis Energy and pay-TV operator Sky Network Television. (23-1)