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NZ manufacturing activity slows in February as employment drops
By Sophie Boot March 11 (BusinessDesk) - New Zealand manufacturing activity slowed in February, with employment dropping to its lowest level in two-and-a-half years. The BNZ-BusinessNZ performance of manufacturing index fell to a seasonally adjusted 56 last month from 58 in...

Trustpower to proceed with demerger, shareholders to vote in July
By Paul McBeth March 11 (BusinessDesk) - Trustpower is going ahead with plans to spin out its windfarms and renewable development pipeline into a separate business, and will put the demerger to a shareholder vote in July. The Tauranga-based company expects to send out docu...

GeoOp narrows 1H loss, buys Australia app developer InterfaceIT for $9M
By Sophie Boot March 11 (BusinessDesk) - GeoOp, the workforce management app developer, narrowed its first-half loss as revenue nearly doubled, and said it's bought Australian mobile sales application developer InterfaceIT. The Auckland-based company reported a loss of $1.8...