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Scott Technology insulated from trade war by geographic spread, chair McLauchlan says
By Paul McBeth Nov. 30 (BusinessDesk) - Scott Technology is confident it can survive the growing prospect of a US-led trade war with manufacturing around the world spreading its risk, says chair Stuart McLauchlan. The Dunedin-based maker of robotic and automation systems d...
Apple gets OIO approval to acquire PowerbyProxi at a price exceeding $100M
By Sophie Boot Nov. 30 (BusinessDesk) - Apple Inc was granted Overseas Investment Office approval to buy PowerbyProxi last month for a consideration exceeding $100 million. The change in ownership of the New Zealand wireless power developer was confirmed by Apple last month...
Veritas shares jump as ANZ pushes out loan maturity
By Sophie Boot Nov. 30 (BusinessDesk) - Veritas Investments has again had its debt deadline extended by its bank to let it continue discussions for possible deals. In August, ANZ Bank New Zealand said it wouldn't renew $28.5 million in banking facilities which come due in O...