Wynyard shares in trading halt ahead of announcement
By Edwin Mitson Oct. 17 (BusinessDesk) - Shares in crime-fighting software company Wynyard have been placed in a trading halt ahead of a company announcement. The value of Wynyard's shares has fallen 88 percent since the start of 2016 and by 80 percent on a year ago. They...
Kiwi touches 10-week low against US dollar as easing looms
By Edwin Mitson Oct. 13 (BusinessDesk) - The Kiwi hit a ten-week low against the US dollar in trading on Thursday, going as low as 70.36 cents against the greenback as economic data showed food prices in New Zealand fell and the pace of house price rises in Auckland eased off....
Ryman buys site of former school in Melbourne suburb of Coburg
By Edwin Mitson Oct. 13 (BusinessDesk) - Ryman Healthcare, the country's biggest listed retirement home operator, is to redevelop a former school in the Coburg suburb of Melbourne. The 1.2-hectare site is about 10 kilometres from the central business district and next to t...
Air NZ sells remaining stake in Virgin Australia
By Edwin Mitson Oct. 12 (BusinessDesk) - Air New Zealand has sold its remaining stake in Virgin Australia for A$65.7 million. In its monthly update to investors, the company said the sale was an off-market transaction with investors including the Nanshan Group. In June...
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