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CORRECT Tenon forecasts first cash return in a decade
(corrects prior year EBITDA to US$5 million in 12th paragraph) By Pattrick Smellie Feb 20 (BusinessDesk) – Wood mouldings manufacturer Tenon expects to resume cash returns to shareholders in the second half of the current financial year after achieving a long-sought end to year...
Oil industry lobby head to be CEO of NZ Energy Corp
By Pattrick Smellie Feb. 20 (BusinessDesk) – The oil and gas industry has lost its chief lobbyist, David Robinson, who is leaving to become the local chief executive of Vancouver-based New Zealand Energy Corp. Robinson is leaving the Petroleum Exploration and Production Assoc...
NZ producers’ prices fall in fourth quarter on lower electricity demand
Feb. 20 (BusinessDesk) – New Zealand producers’ input and output prices fell in the fourth quarter, driven by lower electricity prices as demand softened during warmer summer weather and lake levels remained high. Producer output prices, which measures the prices received by Ne...
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