MARKET CLOSE: NZ blue-chips lead market higher

Paul McBeth
Fri, 10 Jan 2020

New Zealand shares were led higher by stronger blue-chip stocks including Meridian Energy and Port of Tauranga in subdued trading through the first full week after the Christmas and New Year holiday. The S&P/NZX 50 Index increased 14.02 points, or 0.1 percent, to 11,551.70. Within the index, 19 stocks rose, 23 fell, and eight were unchanged. Turnover was $102.5 million, with just five stocks trading on volumes of more than a million shares. Markets across Asia were broadly stronger as investors remained optimistic that tensions between th...
Primary Sector
Possible breach of code in 2013 New Image takeover
Rebecca Howard | Mon, 10 Aug 2020

A takeover of New Image Group by New Image Trustee in 2013 may have breached the Takeovers Code.

Opinion FREE
TIM HAZLEDINE: No more job subsidies, thank you
Tim Hazledine | Mon, 10 Aug 2020

The government has pulled the plug on two major job subsidy schemes.

Infrastructure
Case for closing Taranaki plant 'accelerating' - Contact
Gavin Evans | Mon, 10 Aug 2020

Rising gas and carbon costs are “accelerating the case” for replacing Contact Energy’s biggest gas-fired power station with renewables.

Partner content
Don’t fear the robots. How software can help your business succeed

New Zealand businesses are on the road to recovery from the economic impact of the Covid-19 crisis but they, like corporates around the world, are having to change their operational practices.