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NZ dollar holds below 77 US cents as US payrolls awaited
By Jonathan Underhill Nov. 6 (BusinessDesk) - The New Zealand dollar held below 77 US cents, having fallen against a resurgent greenback buoyed by mid-term success by the Republican Party and signs the US labour market is improving. The kiwi traded at 76.84 US cents as at 5...
MARKET CLOSE: NZ shares rise; MRP, Genesis, Meridian gain on dividends
By Suze Metherell Nov. 6 (BusinessDesk) - New Zealand shares rose, paced by Genesis Energy, Meridian Energy and MightyRiverPower as investors bet on a boost to dividend payouts by the state-controlled power companies. Xero climbed to a two-week high after acquiring a US payrol...
MightyRiverPower 2015 earnings to be at lower end of guidance; may buy back more shares
By Jonathan Underhill Nov. 6 (BusinessDesk) - MightyRiverPower, the first of the state-owned power companies to be partially privatised last year, said 2015 earnings will be at the lower end of guidance, reflecting a lack of water in the catchment of the Waikato River, where i...
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