Infrastructure

UPDATE: Z Energy shares rise on savings, dividend guidance

Gavin Evans
Thu, 02 May 2019

(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...

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