Cannasouth shares extend gain as NZX queries rise
By Gavin Evans Sept. 10 (BusinessDesk) - Shares of medicinal cannabis research firm Cannasouth rose a further 10 percent today as it said it is complying with its disclosure obligations under NZX listing rules. The firm, which raised $10 million in a June share float priced...
NZOG at 'crossroads' in NZ without international explorers
By Gavin Evans Sept. 9 (BusinessDesk) - New Zealand Oil & Gas says it is too small relative to the size and risk profile of its exploration portfolio. The firm is recommending shareholders accept a takeover by near 70 percent major shareholder OG Oil & Gas at 62 cents per s...
Hydro exemption from water standards risks two-tier regime - Trustpower
By Gavin Evans Sept. 9 (BusinessDesk) - Exempting the country’s major hydro catchments from new controls on fresh water quality appears arbitrary and runs the risk of putting disproportionate scrutiny on smaller schemes, Trustpower chief executive Vince Hawksworth says. The...
KiwiRail gets $94.8m for Northland upgrade
By Gavin Evans Sept. 6 (BusinessDesk) - The government will provide $94.8 million to upgrade the rail link from Auckland to Whangarei. The planned work will include replacing or upgrading almost a third of the 181-kilometre line between Swanson and Whangarei. It will includ...
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