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Scott Technology insulated from trade war by geographic spread, chair McLauchlan says

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...

Paul McBeth 30 Nov 2017
Apple gets OIO approval to acquire PowerbyProxi at a price exceeding $100M

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...

Sophie Boot 30 Nov 2017
Veritas shares jump as ANZ pushes out loan maturity

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...

Sophie Boot 30 Nov 2017