Markets

MARKET OPEN: Sideways moves as markets await covid-19 announcement

Rebecca Howard
Mon, 14 Sep 2020

Markets will trade sideways as investors wait to see if the government eases the current covid-19 restrictions. Prime Minister Jacinda Ardern is due to make an announcement today about whether restrictions will be lifted in Auckland and the rest of the country from 11:59pm on Wednesday. The entire country is currently at level 2, with additional restrictions in Auckland. Several thousand people rallied in Auckland's Aotea Square on Saturday in a protest against the government's use of covid-19 restrictions, according to Radio New Zealand....

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Markets

MARKET CLOSE: Profit taking pulls shares down

Dan Brunskill | Mon, 21 Sep 2020

Profit taking pushed New Zealand’s benchmark stock index more than 500 points below its record as investors found few reasons to buy with a global recession in progress. The S&P/NZX 50 Index fell 94.42 points, or 0.8 percent, to 11,539.10. Within the index, 34 stocks fell, 11...

Infrastructure

Power market trading rules 'unsatisfactory' - review

Gavin Evans | Mon, 21 Sep 2020

Spot electricity market trading conduct rules are flawed, legal experts say.

Retail

Why Turners kicked vendor off car yards

Victoria Young | Mon, 21 Sep 2020

Former owner's behaviour "random and unhelpful," court told in Turner's car yard battle.

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