NZ dollar falls vs greenback after Key resigns, rises vs euro after Italy vote
By Jonathan Underhill Dec. 5 (BusinessDesk) - The New Zealand dollar fell against the greenback after PM John Key said he will step down and rose against the euro after Italian Prime Minister Matteo Renzi said he would resign after losing a referendum on constitutional reform....
Trade Me sells Travelbug, Bookit for undisclosed sum
By Jonathan Underhill Dec. 5 (BusinessDesk) - Trade Me Group has sold its accommodation website Travelbug and online booking engine BookIt, to interests associated with the Torpedo7 sporting goods site for an undisclosed sum. Travelbug and BookIt both predate Trade Me's lis...
UPDATE: Hellaby's independent directors want dividend as well as increased Bapcor offer
(Recasts, adding Hellaby response, updates shares) By Jonathan Underhill Dec. 5 (BusinessDesk) - The independent directors of Hellaby Holdings said they won't support Bapcor's sweetened takeover unless it also includes a dividend payment that would use up imputation credits...
NZ PM Key to step down citing family toll, backs English as successor; dollar drops
By Sophie Boot Dec. 5 (BusinessDesk) - Prime Minister John Key will step down on Dec. 12, citing the burden the job placed on his family, and said he would support Finance Minister Bill English as his successor if his deputy puts his name forward. The kiwi dollar dropped on...
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