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Company says NZ needs to invest $7 billion in renewables but 'long term trend' is for falling power prices.

Market close: NZ sharemarket falls nearly 1% ahead of ETFS activity 15 Apr, 2021 05:38 AM 4 minutes to read After some steady rises over the past two weeks, both Contact and Meridian fell. Photo / Supplied After some steady rises over the past two weeks, both Contact and Meridian fell. Photo / Supplied NZ Herald By: Graham Skellern The New Zealand sharemarket was a little edgy and fell nearly 1 per cent as it awaited Friday's unique exchange traded funds activity in the leading energy stocks, Contact and Meridian. The S&P/NZX 50 Index closed at 12,636.55, down 114.83 points ...

Jarden Brief: Australia's tax regime in the firing line 12 Apr, 2021 08:55 PM 7 minutes to read Australian offshore banking unit regime is facing pressure from Europe. Photo / Getty Images NZ Herald Jarden New Zealand: The S&P NZX50 index fell by 0.4 per cent yesterday, with the decline led by healthcare and energy sectors, respectively down 2.6 and 0.7 per cent. The top-performing sectors were utilities and financials which rose 1.9 and 0.3 per cent. Utilities companies Meridian Energy and Mercury NZ each rose 3.1 per cent. Mark Verbiest, Chairperson of the Meridian Board,...