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MARKET CLOSE: NZ shares edge up in quiet trading; property stocks rise while gentailers fall
Markets

MARKET CLOSE: NZ shares edge up in quiet trading; property stocks rise while gentailers fall

By Paul McBeth Sept. 27 (BusinessDesk) - New Zealand shares edged higher in relatively quiet trading, with property stocks including Kiwi Property Group and Stride Property among the day's gainers. Electricity generators were largely weaker.  The S&P/NZX50 50 Index increase...

Paul McBeth 27 Sep 2019
UPDATE: Mercury NZ forced to use satellite pix for gas market clues
Infrastructure

UPDATE: Mercury NZ forced to use satellite pix for gas market clues

(adds comment from OMV at sixth par) By Pattrick Smellie Sept. 27 (BusinessDesk) - An "unacceptable disclosure regime from gas suppliers" forced electricity generator and retailer Mercury NZ to use satellite photographs to work out what might be happening in the local natur...

Pattrick Smellie 27 Sep 2019
Sealegs director takes aim at NZX at testy annual meeting
Retail

Sealegs director takes aim at NZX at testy annual meeting

By Victoria Young Sept. 27 (BusinessDesk) - Future Mobility Solutions director Mark Broadley criticised the NZX in defence of his company’s move to an unregulated exchange.  The company, which owns amphibious boat maker Sealegs, asked shareholders to vote on its move to the...

Victoria Young 27 Sep 2019
Watercare inks $2.4b 10-year contract with Fulton Hogan, Fletcher Construction
Policy

Watercare inks $2.4b 10-year contract with Fulton Hogan, Fletcher Construction

By Jenny Ruth Sept. 27 (BusinessDesk) - Auckland Council-owned Watercare has signed a $2.4 billion contract with Fulton Hogan and Fletcher Building's construction arm to provide water and wastewater infrastructure in Auckland for the next 10 years. The long-term and collabo...

Jenny Ruth 27 Sep 2019