Friday , August 18 2017
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Business Desk

Pushpay revenue climbs as US churches sign up for service

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Pushpay Holdings, the mobile payments app developer, boosted revenue 39 percent in the first quarter as growth in its US faith-based merchants offset a decline in its SMS business. Total annualised committed monthly revenue was $12.8 million at June 30, up from $9.2 million three months earlier, the Redmond-based company said in a statement. …

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NZ shares fall on China fears; Xero, TradeMe, SkyCity fall

New Zealand shares fell in a widespread selloff as China’s stock market extended its tumble.  Xero, Trade Me Group, SkyCity Entertainment Group and Westpac Banking Corp declined. The S&P/NZX 50 Index fell 35.47 points, or 0.6 percent, to 5767.7. Within the index, 30 stocks fell, nine rose and 11 were unchanged. Turnover was $177 …

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Murray Radford resigns as chairman of Mowbray as company renames as Bethunes

Murray Radford will retire as chairman of Mowbray Collectibles as the auction house prepares to rename as Bethunes after selling units and repaying debt. Radford will end 15 years on the Mowbray board and Christopher Swasbrook will act as chairman until a replacement is found, the Wellington-based collectibles company said in a …

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MRP’s Metrix cans Trustpower contract before it begins

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MightyRiverPower’s Metrix metering business has walked away from a deal with Infratil-controlled Trustpower that would have supplied the power company’s 242,000 electricity customers with smart meters. The Auckland-based company decided not to proceed with the contract after reviewing the systems development to date and ongoing requirements, it said in a …

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Marlborough Lines takes 80% stake in Yealands Wine for $89 million

Marlborough Lines has bought an 80 percent stake in Yealands Wine Group, New Zealand’s sixth-largest wine exporter, for $89 million. The South Island electricity lines company took control from founder Peter Yealands, who wanted to keep the winery fully New Zealand owned, the companies said in a joint statement. Marlborough Lines is …

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Bumping the bottom? Dairy product prices fall to six-year low

Dairy product prices continued their slide, paced by whole milk power, in the latest GlobalDairyTrade auction, weakening to the lowest level in six years. The GDT average winning prices dropped 5.9 percent to US$2,276 from US$2,409 at the previous auction two weeks ago. It was the lowest level since July …

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