MightyRiverPower, the first state-owned power company to be partially privatised by the government this year, plans to keep the price it charges for electricity on hold until at least April 2015, but can’t guarantee transmission and distribution prices won’t rise. The energy component of a power bill is between 50 and 60 percent of the total and the Auckland-based company …

Stocks on both sides of the Atlantic fell, pushing the Standard & Poor’s 500 Index down from a record-high close, as investors positioned themselves ahead of next week’s US Federal Reserve meeting. In afternoon trading in New York, the Dow Jones Industrial Average fell 0.15 percent, the Standard & Poor’s 500 Index declined 0.18 percent, while the Nasdaq Composite Index …

New Zealand shares fell as a brokerage put a sell rating on Fonterra Shareholders’ Fund ahead of what’s expected to be a hike to its forecast milk payment tomorrow. Wynyard Group, Xero and Diligent Board Member Services rose. The NZX 50 fell 11.8 points, or 0.3 percent, to 4706.506. Within the index, 25 stocks fell, 17 gained and eight were …