Business
Ampol pushes ‘Buy Australian’ as it mulls shutdown of Qld refinery – The Australian Financial Review
Ampol has launched a $300 million buyback and the CEO says the rebadge of Caltex petrol stations to Ampol will help drive growth along with cost-cutting.
The $300 million buyback will begin on December 7 and close on January 22, 2021, and equates to about $1.20 per share. Ampol shares jumped 7.25 per cent to $30.49 in opening trade and finished 4.6 per cent higher at $29.75.
Mr Halliday said Ampol had also mandated a number of banks to investigate a potential issue of hybrid securities.
Ampol also outlined it is targeting an extra $40 million in cost savings by 2022 through a combination of office relocations, information technology simplification…
-
Noosa News23 hours agoA World-Premiere Exhibition Dedicated to Crocodiles Is Snapping Its Way Into Queensland Museum Kurilpa, Then Touring Nationally
-
Noosa News13 hours agoBlute’s Bar Is Picking Up Where The Bearded Lady Left Off, Adding Live Music to Its Late-Night Karaoke Sing-Alongs
-
Noosa News20 hours agoWhales return to Noosa as shark nets spark controversy
-
Noosa News22 hours agoBrisbane news LIVE updates: One person dead and long delays on Gateway Motorway after crash