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Cooks Coffee (NZE:CCC) reported strong sales for the three months to March 31, with group store sales rising nearly 18% year on year to NZ$24.9 million from NZ$21.2 million a year earlier, driven by expansion and steady demand, according to a Monday New Zealand bourse filing.UK and Ireland store sales each increased by about 18%, reaching NZ$17.3 million and NZ$7.6 million, respectively, compared with NZ$14.8 million and NZ$6.4 million, supported by new store openings and resilient like-for-like performance, per the filing.The Esquires franchise network grew to 118 stores, an 18% increase from the previous year, comprising 82 locations in the UK, 23 in Ireland, and 13 overseas, the filing added.
Locate Technologies (NZE:LOC) is launching an on-market share repurchase program for up to NZ$500,000 worth of shares or up to about 14.9 million shares, whichever is reached first, according to a Monday filing with the New Zealand bourse.The program has a duration of up to 12 months and can be funded using existing cash reserves, the company said.
Genesis Energy (NZE:GNE, ASX:GNE) reached a final investment decision on the second stage of its battery energy storage system (BESS) program at Huntly Power Station on New Zealand's North Island, with an estimated project cost of about NZ$106 million, according to a Monday filing with the New Zealand bourse.The project will be funded on balance sheet and will add 100 megawatts/200 megawatt-hours of BESS capacity to raise the station's installed capacity to 200 megawatts/400 megawatt-hours, which is sufficient to power roughly 120,000 homes for two hours, per the filing.The company said it will leverage existing land and infrastructure, coupled with a shared plant from the program's first stage, "to deliver the lowest cost committed grid scale BESS in New Zealand to date."Second-stage construction is expected to start in the second quarter of fiscal 2027 and the system is scheduled to become operational by the third quarter of fiscal 2028.