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The government has recruited Navman founder Sir Peter Maire and Wynyard Group chief executive Craig Richardson to the board of its new high tech “one-stop-shop”, and put a woman in charge. New Zealand Trade and Enterprise director Robin Hapi and Professor Peter Hunter from Auckland University are also new appointments to the board of Callaghan Innovation ahead of its opening …

DNZ Property Fund has increased the occupancy rate in its portfolio of 47 buildings to 99.2 percent. The owner of one of New Zealand’s largest portfolios of investment property said 37 transactions during the three months ended December had greatly reduced its lease expiry risk going forward. The occupancy rate of 99.2 percent as at December 31, 2012 was up …

New Zealand dollar trading got off to a slow start on Monday due to the regional holiday in Wellington and Martin Luther King holiday weekend in the US. The kiwi was at 83.69 US cents at 8am, little changed from 83.54 cents at 5pm on Friday. It fell on Friday after weaker-than-expected December quarter consumers price index data implied interest …

Mercury Energy, the electricity retailer owned by partial privatisation candidate MightyRiverPower, has announced its first across the board price cuts in a decade. The cuts average 1.4 percent for most of its customers in its home territory, Auckland, and will apply from April 1. The cut is credited to an order by the government’s competition watchdog, the Commerce Commission, to …

New Zealand shares were sold off across the board, following a strong run earlier in the week. December quarter inflation figures showed a fall in prices in the last three months of last year, indicating sustained economic weakness, while Chinese growth data was soft. The NZX50 Index fell 32.63 points, or 0.77 percent, to 4614.17. Within the index, five stocks …

Market darling Diligent Board Member Services is tidying up the way it grants share options to employees after finding it granted too many options to senior staff and did not provide a prospectus to others. The company, whose board members include former NZX boss Mark Weldon, has embarrassingly had to advise NZX and the Financial Markets Authority of the breaches. …

New Image Group’s chairman Graeme Clegg is moving to take the colostrum-based health tonic maker private, saying a sharemarket listing no longer makes sense for the company. The company has received a notice of a takeover at 26 cents a share from New Image Trustee Ltd, a company controlled by Mr Clegg, who already owns just under 70 percent of …

Vehicle Inspection New Zealand (VINZ) is reiterating its don’t sell notice to shareholders, saying an offer from Jevic New Zealand is opportunistic, how to prevent premature ejaculation Jevic, a company that pre-vets imported used vehicles, has offered to buy all the shares of VINZ at $1.65 each, valuing the target at $4.1 million. VINZ chairman Ken Worsley said a report …

The New Zealand dollar was confined in a narrow range ahead of the release of the December quarter consumer price index (CPI) this morning. The kiwi was at 84.10 US cents at 8am, up from 83.93 US cents at 5pm on Thursday. “It traded in a 40 point range at best overnight ,” Mike Jones, from the sales team at …

Equities on both sides of the Atlantic rose as buoyant data on the US housing and labour markets as well as better-than-expected earnings from eBay bolstered hopes the economy is in better shape than feared. Initial claims for state unemployment benefits last week dropped 37,000 to a seasonally adjusted 335,000, the lowest level since January 2008, according to the Labor …