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...

Try free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
A custom library of your saved stories
An industry-leading search engine
Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Support quality New Zealand journalism by subscribing today.

Find out more

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets

MARKET CLOSE: Pushpay leads stock market higher

Dan Brunskill | Wed, 23 Sep 2020

Pushpay led the stock market higher on an analyst upgrade and as tech stocks on Wall Street rebounded following extended selling.

Retail

Moa to open Azabu in iconic Mission Bay spot

Victoria Young | Wed, 23 Sep 2020

The company is bullish about a return for hospitality having recently received investment from wealthy agricultural family the Cushings, and Big Chill’s Colin Neal.

Infrastructure

Two-month delay in Tui decommissioning

Gavin Evans | Wed, 23 Sep 2020

The government has lost up to two months in its efforts to get an undersea inspection of the Tui oil field underway in preparation for decommissioning.In July, the Ministry of Business, Innovation and Employment sought bids from firms interested in inspecting and testing the fiel...

Partner Content

The whole story behind good investment decisions

If there was ever a time when strong financial metrics were the single trademark of a good company, that time has long passed. Responsible investors need to know beyond the profit a company will generate this year or next.