GeoOp, the workforce management app, said annual sales doubled after a strong pick up in customers in the last month of its financial year. Subscription revenue rose to $1.27 million in the 12 months ended March 31, from $610,000 a year earlier, the Auckland-based company said in a statement. Licensed users rose to 17,839, from 9,509 the previous year. It …

Trustpower, the power company controlled by Infratil, had its shares placed in a trading halt on the New Zealand stock exchange pending an announcement by the company. Shares in the Tauranga-based utility company last traded at $8.08 and have gained 2.3 percent so far this year.

Hugh Hendry, one of Britain’s highest profile hedge fund managers, has told New Zealand institutional investors his 2013 conversion from a bearish to bullish outlook is starting to pay off. Speaking to an Auckland audience via Skype from the UK this week, Hendry said his Eclectica hedge fund, which he founded in 2005, was now up 14 to 15 percent this …