Pace of NZ property value gains almost halves in 2017 as housing market cools
By Paul McBeth Jan. 11 (BusinessDesk) - New Zealand property values rose at almost half the pace of the prior year in 2017 as tighter lending criteria, restrictions on highly leveraged loans, and electoral uncertainty took the wind out of the local housing market, Quotable Val...
UK-based Dechra Pharmaceuticals buys local distributor RxVet for undisclosed sum
By Paul McBeth Jan. 10 (BusinessDesk) - London-listed veterinary drugs maker Dechra Pharmaceuticals has bought local distributor RxVet for an undisclosed sum, continuing its expansion in Australasia over the past couple of years. Northwich, UK-based Dechra completed its ac...
Ag Minister O'Connor extends drought classification to Grey, Buller districts
By Paul McBeth Jan. 10 (BusinessDesk) - Agriculture and Rural Minister Damien O'Connor has added the Grey and Buller districts on the South Island's West Coast to the medium-scale drought declared in the lower North Island last month. The extension of the drought classific...
Allied Farmers says no deal yet with Property Ventures directors
By Paul McBeth Jan. 10 (BusinessDesk) - Allied Farmers says a deal hasn’t yet been reached with the directors of property developer Dave Henderson’s Property Ventures Ltd (PVL), contrary to reports yesterday. The Hawera-based rural services firm is a beneficiary of the lit...
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