All News

Contact Energy mulling capital return to shareholders
By Pattrick Smellie Aug. 18 (BusinessDesk) - Contact Energy directors are actively considering a capital return to shareholders as the company emerges from a five year, $2 billion programme of investment in new power stations and IT systems and enters a period of increasingly...

NZ service sector expands in July, holding above long-term average
By Paul McBeth Aug. 18 (BusinessDesk) - New Zealand service sector activity grew at a faster pace in July, holding above its long-term average, and fuelling firms' appetite to invest back into their business. The BNZ-BusinessNZ performance of services index rose 3.2 points...

TAG Oil earnings improve on shift to oil over gas
By Pattrick Smellie Aug. 18 (BusinessDesk) - Onshore Taranaki oil and gas producer TAG Oil has shifted production heavily in favour of oil and away from natural gas between the first quarters of the current and the previous financial years, substantially improving its earnings...