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MARKET CLOSE: NZ shares gain; Fletcher, Telecom pace advance
June 15 (BusinessDesk) - New Zealand shares rose, paced by the biggest companies on the bourse, Telecom and Fletcher Building, as investors were lured back to a market near a three-month low. The NZX 50 Index rose 30.98 points, or 0.9 percent, to 3447.07. Within the index, 29 sh...
Xero to ask shareholders to double director fee pool to add global talent
June 15 (BusinessDesk) – Xero, the cloud-based accounting services company, is asking shareholders to approve a doubling of the pool of fees for directors, saying it wants to add two board members and needs to attract talent from offshore. The maximum aggregate remuneration woul...
NZ antitrust regulator declines Euronet bid for Ezi-Pay, first rejection since 2008
By Paul McBeth June 15 (BusinessDesk) - New Zealand’s Commerce Commission has turned down an application by US payment processor Euronet Worldwide to buy New Zealand's Ezi-Pay, the first time the regulator has rejected a merger application since 2008. In a split decision, the c...
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