
Stock takes: Meridian D-Day and Fed timing
The price retail investors can expect to pay for Meridian Energy shares will be revealed today when its prospectus is officially lodged with the Financial Markets Authority.
Stories and analysis from The Northern Express Herald.
It's been a mixed bag of results for the start of the reporting season...
It's been a roller coaster week for the New Zealand share market. The NZX 50 fell more than 1 per cent on Tuesday as the Chinese stockmarket fell to its lowest level in four years amid fears of a credit squeeze slowing its economy.
Sky TV has taken a big hit over the news of losing the rights to show English Premier League football to TVNZ and Coliseum EPL Management, but there appears to be division over the longer-term impact.
The NZX-50 had a flat day yesterday, barely halting its downward trend which kicked off on May 13 - just days after the listing of Mighty River Power.
Ryman Healthcare's share price is making some in the market feel nervous that it is hitting bubble territory.
Local market players believe the $2.50 per share price for Mighty River Power is a pretty good result...
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.
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.