Latest from Shares

Stock Takes: Mighty mess
The political machinations around the electricity sector have definitely added an element of higher risk to the Mighty River Power float making it even harder for retail investors to make a call on buying into the soon-to-be-listed power company.

Most early buyers stick with float
So far less than 10 per cent of those who bought into the Mighty River Power offer have pulled out as a result of the Labour/Greens electricity market overhaul proposal.

Power policy halves appetite
Half of those who intended to invest in Mighty River Power have changed their minds or are reconsidering, according to a Shareholders Association poll.

Fran O'Sullivan: Labour, Greens push up NZ's risk factor
Both opposition parties will be hoping enough potential investors turn off the pending float so they can declare it a disaster, writes Fran O'Sullivan.

Power float still a goer, says analyst
Investors should still consider buying into the Mighty River Power float despite the increased regulatory risk from Labour's proposed shake-up of the electricity market, according to one analyst.

Labour: Power price plan is affordable
Labour says its plan to bring down power prices is affordable despite losing out on state-owned power company dividends.

Power shares keep falling
Uncertainty created by the Labour Party and Greens' plans for the electricity market helped drive the share prices of the main NZX-listed power generators sharply down yesterday.

Lips locked on share take-up
The Government says it won't be able to say how many people have applied to buy shares in Mighty River Power until after the offer period has closed.

Stock Takes: Crunch time for Mighty River float
The proof will be in the pudding for the Government next week as the Mighty River Power share offer officially opens to the public on Monday. It's hard to know how many of the 440,000 people who pre-registered will buy shares.

Restaurant Brands says it's sticking with Starbucks
Starbucks NZ owner Restaurant Brands says it isn't pulling the plug on the brand, but would sell for the right price.

Diligent may breach listing rules for using US auditor
Diligent Board Member Services faces breaching listing rules after the stock exchange regulator refused an application to waive its use of an American auditor.

Mighty River share sign-ups hit 400,000
More than 400,000 people have pre-registered their interest in buying Mighty River Power shares before the process closes at 5pm on Friday.

Mighty River share tips $2.36 to $2.75
Shares in Mighty River Power are likely to cost between $2.36 and $2.75, according to estimates based on a raft of pre-marketing research reports released by major broking firms.

Big bills on cards for SkyCity
SkyCity Entertainment Group could be up for $500 million if it wins the right to build a new Gold Coast casino, cruise ship terminal and tourism project, an expert estimates.

Ad blitz for Mighty River sale
The Government's partial asset sales policy will launch tomorrow with a $1 million advertising blitz to promote the sale of Mighty River Power shares.

Mighty River sale attracts 'huge interest'
More details are due today of the NZX listing of Mighty River Power whose float could have a short-term hit on the broader market.