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04:46 JBWere's Bernard Doyle on NZ's productivity recession, population growth driving economic growth & advice for NZ sharemarket investors to reduce their holdings

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  • O.G. Oil & Gas intends to buy majority stake in New Zealand Oil & Gas

    17 September 2017 9:29 PM 1

    NEW YORK (Reuters) - O.G. Oil & Gas Ltd’s Singapore unit intends to buy a 65.7 percent stake in New Zealand Oil & Gas Ltd, it said in a notice on Sunday. New Zealand Oil & Gas already had a partial offer from rival Zeta Energy Pte Ltd, which the board had urged shareholders to reject. O.G. proposed payment of NZ$0.77 ($0.55) per share of New Zealand

  • Refining NZ could lose up to $15m after fuel pipeline breach

    17 September 2017 8:37 PM

    Refining NZ says a pipeline breach could cost the company $10-15 million in revenue and take longer than the initially expected two days to repair. In a statement to the NZX, the company says a crack in its pipeline from the Marsden Point refinery to Wiri near Auckland Airport is eight kilometres south of the refinery at Ruakaka. A leak occurred last Thursday

  • 10 to 15 days to repair pipeline leak causing Auckland Airport jet fuel shortage: Refining NZ

    17 September 2017 5:01 PM

    Refining NZ says a crack in a jet fuel pipeline from the Marsden Point oil refinery to Wiri near Auckland Airport will take 10 to 15 days to repair. An associated leak has reduced the volume of jet fuel available to 30% of the normal level for the airport. Air New Zealand has cancelled 27 today and says a similar number on Monday. So far, all of the cancelled

  • Auckland Airport responds to temporary fuel disruption

    17 September 2017 6:11 AM 4

    Refining New Zealand, which owns the Marsden Point fuel refinery, has advised Auckland Airport that it is working on repairing a section of its damaged fuel pipeline which connects the refinery in Marsden Point to Wiri Oil Services Limited in Auckland, which in turns supplies airlines with aviation fuel at the airport. Oil companies are responsible for storing

  • Analysts See $1.92 EPS for Hawaiian Holdings, Inc. (HA)

    17 September 2017 4:12 AM 5

    Investors sentiment increased to 1.5 in Q4 2016. Its up 0.35, from 1.15 in 2016Q3. It improved, as 24 investors sold Hawaiian Holdings, Inc. shares while 81 reduced holdings. 56 funds opened positions while 101 raised stakes. 47.91 million shares or 3.65% more from 46.22 million shares in 2016Q3 were reported. Since April 10, 2017, it had 1 insider buy, and 8 selling

  • Fuel shortage hits flights at Auckland Airport

    17 September 2017 12:56 AM 2

    A fuel shortage in Auckland has resulted in international flights being rerouted through Christchurch to fill up tanks. The Herald has learned that some flights scheduled to leave from Auckland International Airport will leave on schedule, but will head south first to fuel up before getting on their scheduled route. A passenger due to fly to Dubai from Auckland

  • Jet fuel shortage causes flight diversions

    16 September 2017 8:46 PM 2

    A shortage of jet fuel at Auckland Airport is causing some international flights to divert to Christchurch, to fill up. Passengers flying to Dubai from Auckland have had a text saying while their flight is leaving on time, it has to go south first to fuel up before getting underway. Auckland International Airport's Simon Lambourne says it's part of a city-wide

  • Lucky Lotto player $30m richer

    16 September 2017 8:29 AM 3

    Someone in New Zealand is now over $30 million richer, after winning both Powerball and a quarter-share of Lotto Division One in tonight's draw. The single winning Lotto ticket, bought at Richmond Superette in Taupo, is worth $30,250,000. The other three tickets sharing Division One and worth $250,000 each were bought at Countdown Whangarei, Sweet Lotto

  • Lotto Powerball: Lucky Kiwi wins $30 million

    16 September 2017 8:29 AM

    One lucky Kiwi from Taupo is $30 million richer after winning the Lotto Powerball on Saturday. The numbers drawn are 37, 3, 24, 20, 9 and 15. The bonus ball is 16 and the Powerball is 1. The total prize of $30.25 million is made up of $30 million from Powerball First Division and $250,000 from Lotto First Division. Three other Lotto players from Whangarei

  • Supermarket workers protest over lack of job security

    15 September 2017 8:23 PM 1

    Workers will protest outside an Auckland supermarket to highlight the issue of job security. FIRST Union says it has organised the picket outside the New World supermarket in Mt Roskill on Saturday on behalf of distribution workers for Foodstuffs. Foodstuffs is a co-operative that oversees New World and Pak'nSave supermarkets in New Zealand. The temporary