Company Overview and News

Steel boss: Energy policy must deliver for heavy industry

Energy-intensive heavy industry has a long-term future in New Zealand, but only if policies to decarbonise the economy can deliver a secure energy supply, says the outgoing chief executive of New Zealand Aluminium Smelters, Gretta Stephens, who will swap to be CEO at Bluescope's New Zealand Steel plant later this month.

Shares gain as Ryman posts record profit

New Zealand shares rose as Goodman Property Trust's joint venture with GIC sold seven buildings in downtown Auckland, and as Ryman Healthcare chalked up another record profit. A2 Milk Co and Comvita fell.

Time to reconvene Capital Markets Taskforce?

It's time to reconvene the Capital Markets Taskforce and have a clear look at whether more state assets can be primed for partial privatisation through the mixed-ownership model (MOM) and beef up liquidity at the NZX.

Trustpower boosts annual profit 35% to $129m

Trustpower lifted annual profit 35 per cent as the electricity generator-retailer's earnings were bolstered by favourable hydro generation, firm winter wholesale prices and its retail strategy.

Expert: A2 Milk could replace Fletcher Building in key sharemarket index

Mark Lister, head of private wealth research at Craigs Investment Partners, said the announcement of Fletcher's place in the MSCI Index is due out today and we will know the result tomorrow.

NZX 50 hits record on outlook for low interest rates

New Zealand shares rose to a record high, led by Pushpay Holdings and Scales Corp, after the Reserve Bank affirmed plans to keep interest rates low. Mercury New Zealand and Fletcher Building weakened.

Shares rise as investors second guess index changes; Fletcher gains

New Zealand shares rose, joining a regional rally, as investors predict whether an upcoming MSCI index review will spur major activity next week. Fletcher Building, which could exit the index, gains, while new addition a2 Milk Co fell.

Fran O'Sullivan: Jones' new SOE job spurs unease

There's considerable trepidation brewing within the senior business community on whether Shane Jones' appointment as Associate Minister for State Owned Enterprises signals another round of knuckle-headed Beehive politics.

Meridian Energy and Whakatāne District Council join forces on clean energy

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NZ shares up as A2 leads index

New Zealand shares gained, with Gentrack Group hitting a record and electricity companies Mercury New Zealand and Contact Energy gaining.

NZ shares dip; Kiwi Property, Fletcher drop

New Zealand shares fell slightly, despite a gain in energy stocks and ANZ Bank New Zealand rising on its first-half earnings.

MARKET WRAP: NZ shares up 0.7%, Meridian, Mercury and Chorus gain

Harbour Asset Management analyst Shane Solly says it was a strong day for the energy providers.

NZ shares up 1%, led by Fisher & Paykel, Kathmandu, Spark

New Zealand shares gained, led by Fisher & Paykel Healthcare Corp and Kathmandu in broad-based buying.

NZ shares fall as MSCI changes debated

New Zealand shares fell, taking a negative lead from Wall Street, as Fletcher Building's share offer weighed on demand.

NZ shares gain; Trade Me rises

New Zealand shares gained in light trading as Fletcher Building's discounted rights issue and upcoming MSCI New Zealand index review weighed on investors' minds. Trade Me and Metlifecare increased while Comvita dropped.

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