
Electricity regulator steps in as Prime Energy defaults on payment to Manawa
The Electricity Authority is working with both companies on a 'managed resolution'.
The Electricity Authority is working with both companies on a 'managed resolution'.
Manawa Energy led the market lower.
'You’re just about to enter the promised land.'
Wholesale electricity prices have risen sharply in the past month.
World stocks stocks fell on Friday on worse-than-expected US jobs data.
NZ sharemarket rises on the back of a rebound in the US tech sector.
The NZ sharemarket still managed to make a small rise in a slow end to July.
The local index posted a gain of more than half a per cent.
Meanwhile, the NZ sharemarket hung in with a small fall.
Big Tech's risky bet on future profits.
The NZ sharemarket had another strong afternoon.
The index reached levels last seen in early February 2022.
After firing up in the morning the local index fell sharply in the afternoon.
The index finished flat after a sterling two weeks of welcome gains.
The New Zealand sharemarket closed at a 29-month high.
Leading stocks came to the party late in the day.
It was a flat start to the week for the local index.
The local index rose 2.85% for the week.
It's a pivotal week for stocks, particularly Synlait Milk.
The index increased 0.65% for the week but remains flat for the year.
The New Zealand sharemarket shed nearly half a per cent.
Tax changes have implications for commercial building depreciation.
Inland Revenue is targeting customers who are actively dealing in cryptoassets.
Bay of Plenty Regional Council's sell-down could equate to more than $850m of stock.
Europe and Britain are already feeling an economic rebound despite political dramas.
It was a flat day on the New Zealand sharemarket today.
The S&P/NZX 50 Index was up and down all day.
The S&P/NZX 50 Index declined nearly 3% in the June quarter.
But the New Zealand sharemarket shrugged off the news across the Tasman for another gain.
Blue-chip stocks came alight as the S&P/NZX 50 Index rose more than half a per cent.