BlackRock dumps $1 billion stake in Meridian and Contact

Dan Brunskill
Fri, 16 Apr 2021

Dan Brunskill
Fri, 16 Apr 2021
Trading volumes surged and the market edged higher as passive fund manager BlackRock sold more than $1 billion worth of shares in Contact Energy and Meridian Energy.The S&P/NZX 50 Index rose 48.2 points, or 0.3%, to 12,684.73. Within the index, 23 stocks rose, 19 fell and eight were unchanged. Turnover was an enormous $1.4b.Renewable electricity generator, Meridian Energy saw more than 106 million shares change hands, or 4.1% of all shares on issue, pushing its price up 0.8% to $6.05. Another 81.5 million Contact Energy shares were bou...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Nash promises Milford money won’t go on talkfest
Paul McBeth | Sat, 08 May 2021

Stuart Nash wants to see things happening within two years. 

Safety studies reinforce need for 7 air traffic towers
Brent Melville | Sat, 08 May 2021

Airways NZ hasn't got its own way with regional airport closures as independent reviews back the need for continued safety oversight.

Technology FREE
Review: reMarkable 2 tablet a fine business tool
Henry Burrell | Sat, 08 May 2021

The beauty of this tablet is how unlike an iPad it is.

Partner Content
Productivity concerns and signs of stagflation

Inflation is to be expected in New Zealand, and whilst costs and prices rise, output capacity appears constrained, at least in the short-term; raising the possibility of stagflation.

What you do matters - keeping our crowded places safe

FIRST Security's Chief Operating Officer Steve Sullivan looks at how venue operators and event organisers can implement the new government strategy to protect staff and visitors from armed attacks.