Services
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Vital won't participate in Healthscope purchase
By Jenny Ruth May 10 (BusinessDesk) - Vital Healthcare Property Trust’s manager says it won’t proceed with the Healthscope purchase and the manger’s chief executive, David Carr, has resigned. Carr will be replaced by Miles Wentworth who had managed the NZX-listed Vital when...
Retail
Kiwis splash out on travel, food in April as card spending rises
By Rebecca Howard May 10 (BusinessDesk) - Spending on credit and debit cards increased in April as people took advantage of the extended holiday period to travel and eat out more. Seasonally-adjusted card spending increased 0.6 percent in April after a 0.2 percent dip in M...
Ike shares climb 10% after signing up two large customers
By Gavin Evans May 10 (BusinessDesk) - IkeGPS shares climbed 10 percent after it said two major US telecommunications providers have signed up for the utilities measurement specialist's Ike Analyze service. It describes Connecticut-based Charter Communications as the larges...
Infrastructure
Infratil in talks to buy Vodafone NZ
By Rebecca Howard May 10 (BusinessDesk) - Infratil says it is in talks with another party to buy Vodafone Group's New Zealand business. Infratil, which is managed by Morrison and Co, was put on a trading halt by the New Zealand stock exchange. The stock last traded at $4.6...
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