
'A lot of money': Meridian CEO on how dry spell, low gas supply cost it $200m
The Meridian chief executive told shareholders it had been a challenging time.
The Meridian chief executive told shareholders it had been a challenging time.
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The New Zealand sharemarket opened the week with a fall of more than 0.5%.
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The S&P/NZX 50 Index picked up steam in the afternoon to close higher.
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The NZ sharemarket couldn't continue yesterday's momentum.
The stocks benefiting from lower interest rates rose.
Investors are keeping an eye on inflation data, and ongoing Middle East tensions.
The NZ sharemarket fell to start the week ahead of the OCR announcement.
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The index finished a solid week’s work up 1.3%.
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Hallenstein Glasson reached a three-year high.
The Iran missile attack on Israel sent US major indices falling, and NZ followed suit.
Another day of heavy trading as stocks rally on increasing business confidence.
The NZ sharemarket was hampered by end-of-quarter portfolio rebalancing.
Fonterra gave the sharemarket, and the economy, some heart with a strong financial result.
The NZ sharemarket slipped to a six-week low.
The S&P/NZX 50 Index finished the day lower.
Electric Kiwi chief executive Luke Blincoe has stepped down, effective immediately.
The index finished the week down nearly 2.8% and is now 6.2% ahead for the year.
Rate-sensitive growth stocks that have led much of this year’s rally rose.
Across the ditch, the Australian sharemarket reached a record high.
A solid morning wasn't enough to stop the S&P/NZX 50 Index from sliding backwards.
Investors scrambled to raise money and participate.
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The index gained more than 1% for the week.
The market was led higher by increasingly influential Fisher and Paykel Healthcare.