MARKET CLOSE: NZX50 gains 4.9% in November as M&A boosts retirement sector

Paul McBeth
Fri, 29 Nov 2019

The S&P/NZX 50 Index rose 4.9 percent in November as retirement village operators were boosted by potential merger and acquisition activity and A2 Milk mounted a comeback on strong earnings guidance. The benchmark index rose 109.29 points, or 1 percent, to 11,316.58 today, led higher by power companies on news of a meeting between Energy Minister Megan Woods and Rio Tinto executives where ways to cut the Tiwai Point smelter’s energy bill was discussed. Within the index, 24 stocks gained, 17 fell, and nine were unchanged. Turnover was $199...
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.

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.