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MARKET CLOSE NZ stocks fall; investors make room for Genesis as MRP, Meridian, Contact decline
By Suze Metherell March 21 (BusinessDesk) – New Zealand shares fell after energy companies weighed on the market as investors made room in their portfolios ahead of the listing of Genesis Energy next month. Vector, Meridian Energy, MightyRiverPower and Contact Energy fell. The...
NZ dollar little changed this week as Fed spurs greenback demand
By Paul McBeth March 21 (BusinessDesk) - The New Zealand dollar is almost unchanged this week after the Federal Reserve’s growing optimism on the strength of the US economy spurred demand for the greenback. The kiwi traded at 85.32 US cents at 5pm in Wellington from 85.34 cen...
Genesis may struggle to increase turbo charged dividend, says Forsyth Barr
By Suze Metherell March 21 (BusinessDesk) – Genesis Energy, New Zealand’s largest energy retailer, is expected to be a strong initial performer when it lists next month because of its attractive near-term dividend yield, but may struggle to offer dividend growth over the longer...
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