Wellington, Aug 17 NZPA - New Zealand Refining has posted a nearly 45 percent decline in interim net profit to $29 million, as the country's only fuel refinery booked a significant fall in revenue.
Wellington, July 16 NZPA - New Zealand Refining Company's share price jumped 16c today to $3.40 -- a rise of nearly 5 percent -- on the back of a high-profile official opening of its $190 million Point Forward expansion, which lifted the refinery capacity by 15 percent to around 135,000 barrels
Wellington, May 19 NZPA - The New Zealand sharemarket tumbled nearly 1 percent as fear again gripped financial markets and investors headed to safe havens.
Wellington, March 29 NZPA - Shares in infrastructure investor Infratil rose 3c to 168 today on news the company, in a 50/50 consortium with the New Zealand Superannuation fund, has finalised the purchase of Shell New Zealand's downstream assets.
Wellington, March 29 NZPA - Infrastructure investor Infratil is confident further opportunities will arise from its 50/50 joint venture with New Zealand Superannuation to buy Shell New Zealand's downstream assets.
Wellington, March 29 NZPA - Shares in infrastructure investor Infratil edged ahead in early trading after the announcement the company, in a 50/50 consortium with the New Zealand Superannuation fund, had finalised the purchase of Shell New Zealand's downstream assets.
Wellington, March 29 NZPA - A consortium owned 50 percent by infrastructure investor Infratil and 50 percent by the Guardians of New Zealand Superannuation has finalised the purchase of Shell New Zealand's distribution and retail businesses and a 17.1 percent interest in the New Zealand Refining
Wellington, March 16 NZPA - Refinery margins at Marsden Pt showed "significant" improvement in the first two months of 2010, after starting to show some recovery in December, the New Zealand Refining Company says.
Wellington, March 11 NZPA - Infratil sees the Shell New Zealand assets it is currently negotiating to buy as an opportunity to create a substantial New Zealand business at a time of growing consumer preference for local companies.