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Asia

New Zealand Regulator Imposes New Rules on Top Energy Companies to Boost Competition in Electricity Sector

New Zealand's Electricity Authority on Tuesday imposed non-discrimination obligations on the country's four largest energy companies in a bid to level the playing field for hedging contracts in the electricity sector.Under the new rules, which are effective from July 1, Contact Energy (NZE:CEN, ASX:CEN), Genesis Energy (NZE:GNE, ASX:GNE), Mercury (NZE:MCY, ASX:MCY), and Meridian Energy (NZE:MEL, ASX:MEZ) will be required to provide risk management contracts to all buyers on an even-handed basis. This will prevent the companies from favoring their own retail divisions on price or non-price terms.The four power generation-retailer, or gentailer, firms will need to furnish compliance plans to the Authority each year, and also submit six-monthly assessments justifying their retail price offers relative to their expected cost of electricity supply.Electricity Authority Acting Chair Erik Westergaard said the new rules will boost competition, enhance transparency, and can be implemented quickly without a material cost increase for gentailers.Shares of all four companies rose less than 1% in recent Tuesday trade on the New Zealand bourse.

ASX:CENASX:GNEASX:MCYASX:MEZNZE:CENNZE:GNENZE:MCYNZE:MEL
Asia

Contact Energy Says Macquarie Group Ceases to be a Substantial Shareholder

Contact Energy (ASX:CEN, NZE:CEN) received notice that Macquarie Group (ASX:MQG) and its affiliates are no longer substantial holders of the company from Monday, according to a Tuesday filing with the New Zealand bourse.Macquarie Group and its affiliates became a substantial holder of the company on May 20, with a total voting power of 5.04%, an earlier filing showed.

ASX:CENASX:MQGNZE:CEN
Asia

Infratil Cuts Stake in Contact Energy

Contact Energy (ASX:CEN, NZE:CEN) said the stake of Infratil (ASX:IFT) and Infratil Investments in the firm fell to 9.081% as of Monday from 14.081% previously, according to same-day filings with the Australian and New Zealand bourses.Infratil Investments signed a deal with Macquarie Securities (NZ), under which Infratil Investments appointed Macquarie Securities to underwrite, sell, and manage the disposal of 53.5 million ordinary shares in the firm held by Infratil Investments. The shares were allocated to investors at a sale price of NZ$9.25 per ordinary share.Infratil now holds 97.2 million shares of the firm.Contact Energy's shares rose nearly 1% in recent trading on Monday.

ASX:CENASX:IFTNZE:CEN
Asia

New Zealand Shares Fall; Infratil Agrees to Cut Stake in Contact Energy in Over NZ$495 Million Block Trade

New Zealand shares ended lower on Wednesday amid broad-based losses in Asian shares as inflation fears drove bond yields higher.The S&P/NZX 50 Index fell 1.64% or 213.29 points to close at 12,761.03.The 10-year US Treasury rose to 4.663%, while the 30-year yield climbed to ​5.182%.In domestic news, a total of 12,972 metric tonnes (MT) of products were sold during the Global Dairy Trade (GDT) auction held on Tuesday, with supply ranging from 12,245 MT to 16,233 MT, according to data from the trading platform.Further, New Zealand's housing market continued losing momentum in April, with sales volumes down 9% year on year and activity across the first four months of the year around 5% below the same period last year, Cotality NZ said in a report.Also, the mean one-year-ahead expected inflation in New Zealand was 5.6% in the June quarter, up from 5.2% in the previous quarter, while the perception of current inflation came in at 7.5%, according to a survey by the Reserve Bank of New ZealandMeanwhile, the Reserve Bank of New Zealand is expected to make no change to the official cash rate on May 27, leaving it steady at 2.25%, with a 50/50 chance of a rate hike in July, ANZ said in a note.In corporate news, Infratil (ASX:IFT, NZE:IFT) agreed to sell 53.5 million shares in Contact Energy (ASX:CEN, NZE:CEN), representing 5% of the utility's issued share capital, via a fully underwritten block trade priced at NZ$9.25 per share, with the deal expected to raise about NZ$495.2 million.Vista Group International (ASX:VGL, NZE:VGL) has secured a six-year agreement with Cinepolis to transition its Mexican circuit to the Vista Cloud operational excellence platform.

^NZ50ASX:CENASX:IFTASX:VGLNZE:CENNZE:IFTNZE:VGL
Asia

Contact Energy Says Macquarie Becomes Substantial Holder

Contact Energy (ASX:CEN, NZE:CEN) said Macquarie Group (ASX:MQG) and its controlled entities have become a substantial holder in the company on May 20 with a stake of 5.04% or 54 million shares, according to a Wednesday Australia and New Zealand bourse filing.The filing showed that Macquarie's unit, Macquarie Securities, made a block trade for 53.5 million shares on Wednesday, priced at NZ$9.25 per share.

ASX:CENASX:MQGNZE:CEN
Asia

Infratil Agrees to Cut Stake in Contact Energy in Over NZ$495 Million Block Trade

Infratil (ASX:IFT, NZE:IFT) agreed to sell 53.5 million shares in Contact Energy (ASX:CEN, NZE:CEN), representing 5% of the utility's issued share capital, via a fully underwritten block trade priced at NZ$9.25 per share, with the deal expected to raise about NZ$495.2 million, according to a Wednesday filing with the New Zealand and Australian bourses.Infratil will retain a 9.08% stake in Contact Energy after the sale and will hold the remaining shares until at least Contact's fiscal 2026 results release in August, the filing said.The transaction is expected to be completed on May 25, the filing added.

ASX:CENASX:IFTNZE:CENNZE:IFT
Asia

New Zealand Shares Rise; Contact Energy Posts Higher April Retail Electricity, Gas Sales

New Zealand shares ended higher on Tuesday as US President Donald Trump decided to pause attacks on Iran.The S&P/NZX 50 Index rose 1.66% or 211.40 points to close at 12,974.32.Trump on Monday said that there was now a "very good chance" of reaching a nuclear deal with Iran as Tehran sent a peace proposal to Washington, according to a Monday Reuters report.In domestic news, New Zealand's output producer price index (PPI) rose 0.8% in the March quarter, while input PPI increased by 1.4% compared with the preceding three-month period, Stats NZ data showedAlso, New Zealand's electronic card spending fell 1.6% month over month to NZ$9.65 billion in April on a seasonally-adjusted basis, compared with the 1.1% increase recorded in the previous month, according to data from Stats NZ.In corporate news, Contact Energy (ASX:CEN, NZE:CEN) said retail mass-market electricity and gas sales increased year on year in April, alongside a rise in wholesale contracted electricity sales.Delegat Group (NZE:DGL) said its harvest for the year yielded 38,255 tonnes, down 19% from its 2025 harvest of 47,461 tonnes.

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Asia

Contact Energy Posts Higher Retail Electricity, Gas Sales in April

Contact Energy (ASX:CEN, NZE:CEN) said retail mass-market electricity and gas sales increased year on year in April, alongside a rise in wholesale contracted electricity sales, according to a Tuesday filing with the New Zealand bourse.Mass market electricity and gas sales rose to 372 gigawatt hours (GWh) in April from 284 GWh last year.Wholesale electricity sales to customer businesses rose to 275 GWh in the month from 260 GWh in April 2025, and sales to commercial and industrial customers were up to 199 GWh from 132 GWh.Wholesale contracted electricity sales rose to 898 GWh from 655 GWh, while spot electricity sales increased to 852 GWh from 696 GWh.Total customer connections reached 691,000 in April, compared with 641,000 a year earlier.

ASX:CENNZE:CEN
Asia

New Zealand Shares Rise; Contact Energy Chair to Retire

New Zealand shares ended higher on Friday as most Asian shares saw gains after a Thursday Wall Street rally.The S&P/NZX 50 Index rose 1.05% or 135.89 points to close at 13,039.20.On Thursday, the Nasdaq Composite gained 0.9%, the S&P rose 1%, and the Dow Jones climbed 1.6%.Wall Street gains were helped by tech giant Apple's earnings as the iPhone-maker reported fiscal second-quarter results above Wall Street's estimates, with iPhone revenue coming in stronger than expected.In domestic news, Consumer confidence in New Zealand fell to its lowest in roughly three years in April, as a looming oil shock raised concerns about the broader economic outlook and downside risk for retailers, ANZ said.Further, home values across New Zealand extended a third consecutive monthly rise in April, in a slight surprise, edging up 0.1%, despite a soft start to the year for sales volumes and the Middle East conflict weighing on global economies, property valuation firm Cotality saidAlso, New Zealand's seasonally adjusted new dwellings consents fell 1.3% to 3,370 in March from 3,412 in the previous month, according to Stats NZ data.Meanwhile, New listings up 7.3% year-on-year to 9,139 in April in New Zealand, according to data from realstate.co.nz.In corporate news, Contact Energy (ASX:CEN, NZE:CEN) said Chair Rob McDonald will retire at the conclusion of the upcoming annual shareholder meeting.KMD Brands (ASX:KMD, NZE:KMD) appointed Non-Executive Director Philip Bowman as chair, effective Friday, succeeding David Kirk.

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Asia

Contact Energy Chair to Retire

Contact Energy (ASX:CEN, NZE:CEN) said Chair Rob McDonald will retire at the conclusion of the upcoming annual shareholder meeting, according to a Friday filing with the New Zealand bourse.Independent Non-Executive Director Jon Macdonald will succeed Rob as chair following the annual meeting, the filing added.

ASX:CENNZE:CEN
Asia

New Zealand Shares Fall Amid Cautious Trading Ahead of US-Iran Peace Talks; New Zealand King Salmon Investments Lifts Fiscal 2026 Outlook

New Zealand shares ended lower on Friday as most Asian markets saw a sell-off as investors remained cautious despite the Israel-Lebanon ceasefire taking effect ahead of US-Iran peace talks.The S&P/NZX 50 Index fell 1.2% or 160.4 points to close at 12,905.67.US President Donald Trump has said that the next discussions between the US and Iran may take place over the weekend, according to a Thursday Reuters report.In domestic news, New Zealand's electronic card spending rose 1.3% month over month to NZ$9.85 billion in March on a seasonally-adjusted basis, matching the 1.3% increase recorded in the previous month, according to data from Stats NZ.Also, the average asking price for a property in Christchurch in March held steady over the past three years and remained lower than other main centers in New Zealand, data from realestate.co.nz showed.Further, petrol and diesel prices in New Zealand increased by nearly 19% and 43%, respectively, in March compared with the previous month, according to a Stats NZ selected price index report.Meanwhile, annual inflation in New Zealand is expected to slow by 0.2 percentage points in the March quarter to 2.9%, slightly higher than the previous forecast of 2.8% but slightly lower than the Reserve Bank of New Zealand's (RBNZ) April forecast of 3%, ANZ Research said in a note.In corporate news, New Zealand King Salmon Investments (NZE:NZK, ASX:NZK) upgraded its fiscal 2026 guidance, now expecting pro-forma earnings before interest, taxes, depreciation, and amortization of NZ$19 million to NZ$27 million, up from NZ$9 million to NZ$15 million.Contact Energy (NZE:CEN, ASX:CEN) has applied to quote about 5 million ordinary shares issued in connection with its acquisition of an additional stake in King Country Energy.

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Asia

Contact Energy Applies to Quote Shares Issued in Connection With King Country Energy Deal

Contact Energy (ASX:CEN, NZE:CEN) has applied to quote about 5 million ordinary shares issued in connection with its acquisition of an additional stake in King Country Energy, according to a Friday filing with the Australian bourse.Contact Energy purchased the remaining roughly 25% interest in King Country to take full ownership of the renewable energy firm.The consideration of NZ$47 million was paid to the trustees of King Country Trust through the issuance of the new shares.

ASX:CENNZE:CEN
Asia

Contact Energy Takes Full Ownership of King Country Energy

Contact Energy (ASX:CEN, NZE:CEN) has purchased the remaining roughly 25% interest in King Country Energy to take full ownership of the renewable energy firm, according to a Friday filing with the New Zealand bourse.The consideration of NZ$47 million was paid to the trustees of King Country Trust through the issuance of about 5 million new Contact Energy shares, per the filing.The purchase includes five North Island hydropower stations that have a combined installed capacity of around 53 megawatts and an average expected annual generation of roughly 190 gigawatt-hours.

ASX:CENNZE:CEN
Asia

New Zealand Shares Flat Amid Hopes of US-Iran Peace Talks; Contact Energy Posts Higher March Retail Electricity, Gas Sales

New Zealand shares ended flat on Thursday, while most Asian markets saw gains as investors saw growing optimism around US-Iran peace talks after Israel discussed a possible ceasefire against Lebanon.The S&P/NZX 50 Index was little changed to close at 13,066.06.On Wednesday, the Nasdaq Composite added 1.6%, the S&P 500 gained 0.8%, and the Dow Jones fell 0.2%.Israel's security cabinet met on Wednesday to consider a potential ceasefire in Lebanon, according to a Wednesday Reuters report, citing a senior Israeli official."As we ⁠move into the heart of earnings season, the focus is shifting back toward fundamentals, with a more idiosyncratic, stock-driven environment beginning to take hold," said Scott ​Rubner, head of equity and equity derivatives strategy at Citadel Securities, as quoted by Reuters in a separate report.In domestic news, New Zealand's nationwide housing market value rose by 0.2% year-on-year in March, with Auckland down 1.2% and areas outside Auckland seeing a modest 1.1% rise, Real Estate Institute of New Zealand (REINZ) said.Also, Businesses in New Zealand say they are experiencing considerable disruptions due to the Middle East conflict and the resulting surge in oil prices, Westpac said in a report.In corporate news, Contact Energy (ASX:CEN, NZE:CEN) said retail mass-market electricity and gas sales increased year on year in March, alongside a rise in wholesale contracted electricity sales.Fletcher Building (ASX:FBU, NZE:FBU) reported modest improvements in key product volumes for the fiscal third quarter, with gains in light building products and distribution partially offset by continued weakness in heavy materials and residential activity.

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Asia

Contact Energy Posts Higher Retail Electricity, Gas Sales in March

Contact Energy (ASX:CEN, NZE:CEN) said retail mass-market electricity and gas sales increased year on year in March, alongside a rise in wholesale contracted electricity sales, according to a Thursday filing with the New Zealand bourse.Mass market electricity and gas sales rose to 359 gigawatt hours (GWh) in March from 282 GWh last year.Wholesale electricity sales to customer businesses rose to 273 GWh in the month from 256 GWh in March 2025, and sales to commercial and industrial customers were up to 194 GWh from 142 GWh.Wholesale contracted electricity sales rose to 903 GWh from 701 GWh, while spot electricity sales increased to 743 GWh from 711 GWh.Total customer connections reached 684,000 in March, compared to 639,000 a year earlier.

ASX:CENNZE:CEN