UPDATE: Z Energy shares rise on savings, dividend guidance

UPDATE: Z Energy shares rise on savings, dividend guidance
Gavin Evans
(Recasts to focus on savings initiatives, adds share price in 8th paragraph, Marpol risk to end) By Gavin Evans May 2 (BusinessDesk) - Z Energy shares rose after the company forecast a $22 million benefit from its efficiency initiatives in the current year and signalled at least a 12 percent increase in dividends. The company, which also operates the Caltex brand, cut its guidance twice last year and accelerated its work on new services and cost-saving initiatives after being caught out by a jump in crude oil prices and a weak New Zeal...

More Infrastructure

New directors appointed to NZ infrastructure boards
Infrastructure

New directors appointed to NZ infrastructure boards

New directors have been appointed to the boards of Crown Infrastructure Delivery (CID), National Infrastructure Funding and Financing (NIFFCo), and the New Zealand Infrastructure Commission.Infrastructure Minister, Chris Bishop, highlighted the expertise the new and reappointed d...

BD AI 16 Oct 2025
'Meth' ministry moves: staffing data sought for four-way merger
Infrastructure

'Meth' ministry moves: staffing data sought for four-way merger

Work is progressing on a four-ministry merger with the pejorative nickname ‘Meth’.

Dileepa Fonseka 14 Oct 2025
Aratere sold for scrap, price deemed commercially sensitive
Infrastructure

Aratere sold for scrap, price deemed commercially sensitive

The Aratere ferry has been sold to a specialist recycling shipyard in India for an undisclosed amount.“Details of the sale price are commercially sensitive,” Duncan Roy, executive general manager of Interislander, said.  The ferry was retired last August to make way for the port...

Rebecca Howard 10 Oct 2025
Govt looks to put its Chorus investment on the block
Infrastructure

Govt looks to put its Chorus investment on the block

The finance minister said there's no policy reason for Govt to hold Chorus securities.

Rebecca Howard 10 Oct 2025