Gentrack shares plunge as it gets cold shoulder from UK’s E.ON
Gentrack shares dropped to a three-year low after UK electricity retailer E.ON suspended its planned deployment of the Kiwi firm’s billing platform, adding another headwind to an already tough market.The shares plunged 22.8 percent to $3.04 when trading opened, the lowest since F...
MARKET CLOSE: NZ shares join global rally as upcoming US-China trade buoys investors
New Zealand shares joined a global rally as the upcoming preliminary trade deal between the US and China underpinned optimism about global growth, and revived confidence in tech stocks such as Gentrack. The S&P/NZX 50 Index advanced 81.46 points, or 0.7 percent, to 11,625.13....
Govt work to support building sector in election year
Finance Minister Grant Robertson’s expanded infrastructure programme has raised architects’ expectations for government work over the coming years at a time when both residential and non-residential work is elevated.The New Zealand Institute of Economic Research’s quarterly surve...
MARKET CLOSE: NZ shares follow soft Wall St lead
New Zealand shares took their cue from a soft lead on Wall Street as investors started the week on a cautious note. The S&P/NZX 50 Index decreased 8.03 points, or 0.1 percent, to 11,543.67. Within the index, 21 stocks fell, 23 rose, and six were unchanged. Turnover was $108.1...
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