Smartpay, which provides retailers with payments and transactions services, has agreed to buy eftpos terminal provider Viaduct for $16.3 million in cash and shares, a transaction representing almost a third of Smartpay’s value. The Auckland-based company will pay $14 million in cash and $2.3 million in shares for Wellington-based Viaduct’s eftpos terminal fleet, making Smartpay the biggest operator in terms …

Restaurant Brands, the fast food operator which recently launched the Carl’s Jr brand in New Zealand, lifted third-quarter sales 0.5 percent as its Pizza Hut stores’ cheap deals came up trumps in a highly competitive market. Total same store sales increased to $72.2 million in the three months ended Dec. 3, from $71.9 million in the same period a year …

The New Zealand dollar rose to a nine-month high as hopes Germany will avoid recession and optimism the Federal Reserve will enact more easing measures helped stocks rally and lift risk sentiment. The kiwi dollar climbed to 83.83 US cents from 83.43 cents at 5pm in Wellington yesterday. The trade-weighted index rose to 74.84 from 74.66. The euro gained and …