Find financial news and analysis across NZ and Australia.
11 results for “utilities”
Contact Energy Limited exhibits strong market performance, trading near its 52-week high at NZ$9.98. With a successful institutional block trade and solid technical indicators including a bullish MACD, the New Zealand utility provider's outlook remains highly favorable.
Ventia Services Group has renewed a major maintenance contract with Yarra Valley Water worth A$405 million over nine years, consolidating four existing agreements into one.
Gentrack Group Limited has acquired New Zealand SaaS provider Factor for NZ$24 million to integrate machine learning-driven energy pricing into its global platform. The deal, funded by cash reserves, is expected to be EPS accretive by FY28.
The NZX 50 index climbed 0.9% to 13271 points on Thursday, led by an 11% surge in Gentrack and a 3% gain for Infratil. While technology and infrastructure stocks thrived on AI optimism, consumer-facing companies like SkyCity and Tourism Holdings saw declines.
New Zealand's FMA and Westpac NZ have issued a major alert following a spike in AI-driven deepfake scams. With 64% of bank fraud now originating on social media, authorities are calling for greater platform accountability.
The S&P/NZX 50's recent extreme volatility, driven by Middle East tensions and global AI pricing wars, proves that New Zealand's equity market is increasingly a proxy for global forces. Local investors must wake up to the reality that domestic fundamentals are being overshadowed by international events.
The S&P/ASX 200 Index June 2026 quarterly rebalance reveals a major structural flow of institutional capital. Five resources and defence companies join the index, while five consumer, technology, and travel firms are removed.
Australia's economic growth slowed sharply to 0.3% in the first quarter of 2026, missing market expectations. Extreme weather disruptions and weak consumer spending dragged on activity, posing a policy dilemma for the Reserve Bank of Australia.
The S&P/ASX 200 index experienced a significant 1.62% rebound to close at 8,731.70 points on Friday, May 29, 2026. This surge, driven by mining and banking gains, was fueled by hopes of a tentative 60-day US-Iran ceasefire extension.
New Zealand officials are monitoring fuel supplies as petrol prices rise 33.6% and diesel 94.9% following conflict in the Middle East. Global oil prices hit US$102.40 per barrel as supply chain risks grow.
Pacific Edge Limited has successfully raised NZ$25.4 million through an upsized placement to fund its Cxbladder operations and efforts to regain US Medicare coverage. The company will now launch a NZ$6 million retail offer to existing shareholders.