Bathurst withholds dividend citing court action, plans buyback
By Gavin Evans Aug. 28 (BusinessDesk) - Bathurst Resources has opted not to pay a final dividend and will instead retain the cash in case it has pay a US$40 million performance fee to the former owner of its Buller permits. The company, which today reported stronger than fo...
Scales sees full-year earnings at top of forecast range
By Gavin Evans Aug. 28 (BusinessDesk) - Scales Corp expects a good export apple season will deliver full-year operating earnings at the top of the company’s forecast range. The apple grower, food processor and exporter today reported a 22 percent increase in net profit to $...
Exploration ban sapping overseas interest in NZ - NZOG
By Gavin Evans Aug. 27 (BusinessDesk) - The government’s decision to stop issuing offshore exploration permits has convinced many overseas investors that the country is closed for business, New Zealand Oil & Gas says. Chief executive Andrew Jefferies said the company is wor...
Z Energy invests $46M for control of Flick Electric
By Gavin Evans Aug. 27 (BusinessDesk) - Z Energy has agreed to acquire a 70 percent stake in spot-based electricity retailer Flick Energy as part of its strategic investment in alternative fuels and mobility. The country’s biggest fuel retailer has agreed to invest $46 mill...
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