Scott Technology 1H profit jumps 70%; eyes German acquisition
By Paul McBeth March 24 (BusinessDesk) - Scott Technology, which is still awaiting approval to hand control over to Brazil's JBS, lifted first-half profit 70 percent as the recently acquired Machinery Automation and Robotics unit injected more revenue and the industrial automa...
Spark cleared to buy Craig Wireless spectrum, beefing up wireless capacity
By Paul McBeth March 24 (BusinessDesk) - Spark New Zealand has been given the all-clear to buy Craig Wireless's unused radio spectrum, expanding the country's biggest telecommunications company's ability to provide wireless services. The Commerce Commission today cleared S...
Auckland developer Wilshire Group buys Springpark out of receivership
By Paul McBeth March 23 (BusinessDesk) - Auckland residential property developer Wilshire Group has bought the failed Springpark development in the suburb of Mt Wellington out of receivership for an undisclosed sum. The company's offer was accepted by receivers Richard Simp...
NZOG, Tag, Beach partnership to surrender offshore Kaheru permit
By Paul McBeth March 23 (BusinessDesk) - New Zealand Oil & Gas, Tag Oil and Beach Energy want to surrender their permit to explore the Kaheru permit off the Taranaki coast, saying the current conditions don't support drilling which has to start in May. The joint venture to...
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