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Sydney-based Pemba Capital makes takeover proposal for Smartpay at 11% premium

Sydney-based Pemba Capital makes takeover proposal for Smartpay at 11% premium

By Sophie Boot Aug. 31 (BusinessDesk) - Smartpay Holdings, the listed payment terminal supplier, is considering a proposal from Pemba Capital Partners which would see the Sydney-based investment firm buy all its shares at an 11 percent premium. The company has received the...

Sophie Boot 30 Aug 2017
Powerhouse posts $11.2M full-year loss on Hydroworks impairment, drop in value of other assets

Powerhouse posts $11.2M full-year loss on Hydroworks impairment, drop in value of other assets

By Jonathan Underhill Aug. 31 (BusinessDesk) - Powerhouse Ventures turned to a full-year loss after writing off its investment in hydroelectric turbine designer Hydroworks and recognising other one-time decreases in the value of its investments. The Christchurch-based, ASX-...

NZ dollar drops to 2-1/2 month low as US private jobs, GDP data beats estimates

NZ dollar drops to 2-1/2 month low as US private jobs, GDP data beats estimates

By Jonathan Underhill Aug. 31 (BusinessDesk) - The New Zealand dollar fell below 72 US cents to a 2 1/2-month low as reports on US economic growth and private jobs printed stronger than expected. The kiwi fell to 71.94 US cents as at 8am in Wellington and earlier touched 71...