
NZ shares fall 1.2% after Wall Street's post-election sell-off
The S&P/NZX50 fell 1.2% to 13,921 after 30 minutes of trading.
Stories and analysis from The Northern Express Herald.
Global LNG prices have nearly tripled since February amid the Iran war.
Fonterra’s 2026/27 midpoint forecast rose 25c to $9.75 per kgMS.
The Reserve Bank's hold decision should have been good for the NZ sharemarket.
The New Zealand dollar and interest rates dropped after the surprise rate call.
Electricity prices rose 12% in the year to June and have become an election issue.
The political party has said reform of bottom trawling is a coalition bottom line for it.
Solar energy company is the first major listing in five years.
Result expected to put upward pressure on Fonterra’s farmgate milk price forecast.
Genesis says biomass must cost under $500 a tonne to compete with coal and gas.
Amid falling gas supplies, Genesis to consider selling unit in the international market.
The dispute is due back in the Employment Court on Tuesday next week.
Funds would support renewable generation and other eligible green assets.
Annual inflation is forecast to drop from 4.1% in June.
Construction starts in November, with up to 200 people working at peak.
Firmus withdrew an ASX float billed as the biggest capital raise since 1997.
The offer was priced at $2.25 a share and aimed to raise $75m to $100m.
The solar energy company hopes to raise up to $100m.
Heritage Lifecare has no immediate IPO plans but may consider one later.
Private credit is growing in New Zealand, fuelled by in part by a visa investment scheme.
Vector has $13m of upgrades underway around Ōmaha, including two back-up generators.
It had been billed as the biggest capital raising event since Telstra in 1997.
Firmus’ reported offer price has fallen from A$11 to A$8.25 a share.
NZX futures pointed to a milk price above $10/kgMS for three seasons.
The kiwi dollar fell to US55.94c, its lowest level since last December.
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Meridian says it will spend between $440m and $510m on doing up its Waitaki Power Station.
Westpac economist said the move showed tax revenue is coming in stronger than expected.
Up to 100 chargers will be tested in homes, fleets and depot settings.
Synlait's first half was hit by costs from 2025 manufacturing challenges.
Lodestone Energy's NZX listing is set for October 22 at $2.25 a share.