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Derma Sciences, the Nasdaq-listed company with exclusive global rights to Comvita’s Medhoney wound care products, has taken a 7.3 percent stake in the Te Puke-based Manuka honey products firm via a discounted placement. Comvita raised about $9 million selling about 2.3 million new shares to Derma at $3.90 apiece, a 3.7 percent discount to the stock’s closing price on the …

Rural Equities, the farming group controlled by the Cushing family, reported a 31 percent drop in annual profit as property revaluations lagged behind those from a year earlier, and as the North Island’s worst drought in seven years ate into operating earnings. Net profit fell to $10.9 million in the 12 months ended June 30, from $15.8 million a year …

New Zealand shares rose, as Fletcher Building gained to a 7-month high on signs of life in the Australian economy and amid perceptions the local market offers reasonably attractive dividend yields in a world of low interest rates. The NZX 50 Index rose 3.595 points, or 0.1 percent, to 4610.306, the highest close in four months. Within the index, 18 …

Flamboyant internet entrepreneur Kim Dotcom has resigned as a director of his Mega data storage empire to focus on his efforts on fighting extradition to the United States and other projects. Dotcom resigned as a director of Mega on Aug. 29, and was replaced by Hong Kong-based Bonnie Lam the same day, according to filings to the Companies Office. Dotcom …

The New Zealand dollar extended its decline against its trans-Tasman counterpart after faster-than-expected second-quarter growth in Australia dulled expectations that country’s Reserve Bank will have to cut interest rates further. The kiwi fell to 85.81 Australian cents at 5pm in Wellington from 86.11 cents immediately before the gross domestic product figures were released, and down from 86.63 cents yesterday. The …

The government plans to begin its auction of fourth generation mobile broadband radio spectrum on Oct. 29 and will be seeking a minimum of $198 million for the rights, which are expected to be fought over by Telecom, Vodafone, and 2degrees. However, potential operators who have yet to build their own mobile network will also be able to bid. The …

State-owned broadcaster Television New Zealand is still ironing out the details of its dividend relief with its shareholding ministers, which will be linked to the cost of upgrading its Victoria St West building and won’t go beyond 2016. The Auckland-based broadcaster today announced the sale of two plots of prime Auckland real estate to SkyCity Entertainment Group for $10.6 million, …

Auckland house prices have stabilised following a rapid increase in the first quarter of this year, as more properties are listed, according to Barfoot & Thompson, the city’s biggest realtor. The average sale price slipped 1 percent to $647,647 in August from July and is 0.4 percent lower than June, the firm said. The median price in August fell 4 …

New Zealand dairy products ranging from milk powder to mozzarella cheese are being held on the wharves at Chinese ports as officials debate what form of additional testing should be applied following Fonterra Cooperative Group’s whey protein scare. free spy apps for iphone The Ministry of Primary Industries in Wellington confirmed to BusinessDesk late last week that exporters other than …

cell phone spy free p id=”yui_3_7_2_1_1377459141818_2879″>Fonterra Cooperative Group says it has suspended its consumer operations in Sri Lanka, where sales of its products have been temporarily banned from sale, because of nationalist protests outside its local offices. The company”s Sri Lanka business is currently prevented by a court order from selling, advertising or making public statement with customers or consumers, …