Z Energy held back by holiday traffic

Z Energy held back by holiday traffic
Z Energy-Ampol deal could face a red light (Image: Getty)
Rebecca Howard
Z Energy shares slid after the Commerce Commission reiterated concerns about Ampol’s $2 billion takeover of the company.The fuel company was among the few companies that attracted any interest on a quiet Christmas Eve when the S&P/NZX 50 Index increased 0.2% or 25.7 points to 12888.41.Turnover was a light $46.1 million in a shortened trading day.Z Energy ended down 1.2% at $3.45.Australian-owned Ampol wants 100% of New Zealand’s largest fuels retailer and has offered to divest itself of its Gull business in this country. The opt...

More Markets

NZ shares rally as economy edges out of recession
Markets Market close

NZ shares rally as economy edges out of recession

The S&P/NZX 50 index rose 100.62 points, or 0.9%, to 11,771.81.

Paul McBeth 20 Jun 2024
Leadership changes on Fonterra's management team
Primary Sector

Leadership changes on Fonterra's management team

CEO Miles Hurrell says its to help lead co-op potential consumer divestment.

Riley Kennedy 20 Jun 2024
Forsyth Barr values Radius Care 86% above trading price
Markets

Forsyth Barr values Radius Care 86% above trading price

Investment analysts initiated coverage of Radius on Thursday.

Gregor Thompson 20 Jun 2024