Listed Companies
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Property
Metlifecare upbeat as profit improves by 28%
Metlifecare lifted first-half net profit by 28 percent to $24.6 million with increased resales volumes and higher selling prices. The retirement village operator, which is currently subject to a takeover offer, is upbeat about the local real estate market and expects more confide...
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Infrastructure
Meridian posts record earnings on strong hydro
Meridian Energy has reported record first-half earnings on the back of record production from its South Island dams and an improved retail performance.The country’s biggest electricity generator reported $465 million of earnings before interest, tax, depreciation, amortisation an...
Markets
MARKET CLOSE: NZ shares fall as the risk of global pandemic rises
New Zealand shares joined a global rout after the spread of coronavirus cases outside China caused stocks across Europe and the US to plunge as investors sought to avoid the risk of a global pandemic. The S&P/NZX 50 Index declined 137.89 points, or 1.2 percent, to 11,719.23. W...
Infrastructure
Mercury to Rio - Make your mind up
Rio Tinto needs to offer New Zealand a greater long-term commitment to the Tiwai Point aluminium smelter to warrant additional support, Mercury NZ chief executive Fraser Whineray said.Requests for lower power prices from the country’s biggest electricity user are “getting a bit t...
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