Mercury Energy impresses as NZX 50 dips 0.3%

Mercury Energy impresses as NZX 50 dips 0.3%
Mercury Energy's result beat market consensus expectations. (Image: Supplied)
Gregor Thompson
Sharp gains in dairy stocks were not enough to keep the New Zealand sharemarket's benchmark index above the ledger on Tuesday. The S&P/NZX 50 declined 0.32% to 12,928.68 points, with 55.9 million shares worth $154.4m changing hands. Harbour Asset Management portfolio manager Shane Solly said it had been an “action-packed day” on the local bourse, starting with a “solid result" from Mercury Energy. Mercury shares rose 1.64% to $6.495 despite the company reporting a net profit after tax (npat) of $1m,...

More Markets

NZ stocks end flat as US Fed decision looms
Markets Market Close

NZ stocks end flat as US Fed decision looms

Market finishes slightly down as telco company Spark loses more ground.

Jamie Gray 12 Sep 2025
Locate Technologies plans to quit ASX for NZX
Markets

Locate Technologies plans to quit ASX for NZX

Bitcoin-favouring Locate Technologies eyes move to NZX's main board.

Staff reporters 12 Sep 2025
Vital takeover bid passes threshold at 11th hour
Markets

Vital takeover bid passes threshold at 11th hour

Tait International has secured acceptances to meet the 90% minimum condition for its Vital takeover less than a day before the offer was set to expire.Vital filed a substantial product holder (SPH) notice to the NZX on Friday morning, which showed Tait's stake lifted to 92.1%...

Gregor Thompson 12 Sep 2025
Tower again hikes FY underlying profit outlook
Markets

Tower again hikes FY underlying profit outlook

Insurer sees FY underling profit up as large events weigh less than expected     

Staff reporters 12 Sep 2025