Trustpower plans to carve out wind business, with Infratil's backing

Trustpower plans to carve out wind business, with Infratil's backing

By Paul McBeth Dec. 18 (BusinessDesk) - Utility company Trustpower plans to spin out its windfarms and renewable development pipeline into a separate business, and has the blessing of majority shareholder Infratil to do so.  The Tauranga-based company  which is currently lo...

Paul McBeth 18 Dec 2015
Aupouri Maori Trust Board insolvent, but not fraudulent, inquiry finds

Aupouri Maori Trust Board insolvent, but not fraudulent, inquiry finds

By Paul McBeth Dec. 18 (BusinessDesk) - A Ministerial-ordered inquiry into the financial woes of Aupouri Maori Trust Board has cleared the entity of any misdoing, though confirmed its insolvency. Maori Development Minister Te Ururoa Flavell has directed the trust's board to...

Paul McBeth 17 Dec 2015
Rakon buys stake in Australian start-up Thinxtra for A$800,000

Rakon buys stake in Australian start-up Thinxtra for A$800,000

By Paul McBeth Dec. 18 (BusinessDesk) - Rakon, the high-tech components manufacturer, has bought an 11 percent stake in Australian start-up Thinxtra for A$800,000, seeking exposure in expanding machine-to-machine (M2M) connectivity, known as the Internet of Things (IoT).  T...

Paul McBeth 17 Dec 2015
Serko halts share trading to raise funds in 'targeted placement'

Serko halts share trading to raise funds in 'targeted placement'

By Paul McBeth Dec. 18 (BusinessDesk) - Serko, the online travel booking company which has downgraded its earnings guidance twice this year, has halted trading in its shares to raise funds in a "target placement".  Last month, the company said it was looking at raising new...

Paul McBeth 17 Dec 2015