Listed Companies

MARKET CLOSE: NZ shares rise as Trustpower hits record on special dividend

Paul McBeth
Mon, 13 May 2019

By Paul McBeth May 13 (BusinessDesk) - New Zealand shares rose in quiet trading, with Trustpower hitting a record after declaring a special dividend at today's earnings result. Fonterra fund units rose on the sale of its Tip Top business. The S&P/NZX 50 Index increased 27.46 points, 0.3 percent, to 10,126.83. Within the index, 17 stocks rose, 20 fell, and 13 were unchanged. Turnover was $82.7 million, with just two companies trading on volumes of more than a million shares.  Trustpower hit a record $7.21, ending the day up 2.9 percent...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Law & Regulation
Court keeps prominent family's commercial dispute under wraps
Victoria Young | Wed, 10 Aug 2022

The proceeding alleges breaches of the Companies Act and breach of contract.

Markets
Analysts watch for faltering economy in August earnings
Dan Brunskill | Wed, 10 Aug 2022

Reporting seasons begins in earnest next Monday when Contact Energy reports its full-year results.

Law & Regulation
Commerce Commission will use beefed-up fines to chase non-notified mergers
Greg Hurrell | Wed, 10 Aug 2022

The Commerce Commission says it will not let bygones be bygones when it comes to issuing fines and even winding back uncompetitive company mergers it wasn't told about.

Sponsored
A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.

Sponsored
Energy of the future: Why we need innovation

The Tomorrow’s Energy Today conference is looking at ways to develop a clean, affordable and reliable energy future, says Brendan Winitana, chair of the Sustainable Energy Association New Zealand (SEANZ).