Meridian, power companies soar, lifting NZX 50 higher after National victory

Sun, 21 Sep 2014

By Paul McBeth Sept. 22 (BusinessDesk) - Shares of electricity generators and retailers soared, lifting the benchmark NZX 50 Index, after the National Party's convincing election victory on the weekend wiped out any regulatory fears for the power companies. The NZX 50 rose 69.288 points, or 1.3 percent, to 5,250.633 at the open today after the Sept. 20 general election delivered the incumbent National Party the ability to govern alone. The partially privatised gentailers rose to records after the election win shut down the threat of regul...

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