UPDATE: Z shares at record as Caltex deal seen reducing competition
By Sophie Boot April 29 (BusinessDesk) - Z Energy shares jumped to a record after the Commerce Commission approved its bid to buy rival Caltex and Challenge! petrol station chains, saying price coordination at some stations wasn't enough to turn it down but that regions where...
Tourism Holdings likely to exceed 2016 guidance as margins improve
By Sophie Boot April 29 (BusinessDesk) - Tourism Holdings will likely exceed its 2016 guidance as margins improve in New Zealand and Australia, giving the campervan rental company confidence to predict growth over 2017 and 2018. The Auckland-based company brought forward it...
MARKET CLOSE: NZ shares rise; Sky TV, Fletcher Building gain, Air NZ drops on oil recovery
By Sophie Boot April 28 (BusinessDesk) - New Zealand shares rose as low interest rates continued to underpin demand for yields on stocks. Sky Network Television and Fletcher Building gained while Air New Zealand dropped on concern a recovery in oil prices will drive up fuel co...
Wellington Airport applies to extend runway
By Sophie Boot April 28 (BusinessDesk) - Wellington International Airport has lodged an application to extend its runway with the Wellington City Council and the Greater Wellington Regional Council. The airport is seeking permission to build a 350-metre runway extension in...
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