DNZ Property Fund chief executive Paul Duffy sold 9.9 percent of his stake in the property investor worth $1.65 million, cashing in as the share price tests record-highs since listing two years ago. Duffy sold 964,150 shares at an average price of about $1.625 last week, netting him $1.57 million, having sold 50,000 shares for $79,250, or $1.585 a share, …

L&M Energy chairman and creditor Geoff Loudon has drawn more than 80 percent acceptances for his takeover offer. Loudon’s New Dawn Energy has acceptance for 80.4 percent of L&M, according to a substantial shareholder notice yesterday. It needs to get to 90 percent to declare the offer unconditional. The company made its offer in October at 6 Australian cents a …

The New Zealand dollar was little changed above 83 US cents after testing the upper limits of its recent trading range as traders await this week’s meeting of Federal Reserve policymakers. cheap software downloads The kiwi dollar traded at 83.36 US cents from 83.31 cents at 5pm in Wellington yesterday. It earlier reached 83.53 cents, a level it hasn’t seriously …