Paul Brewerton, chief operating officer of IkeGPS Group, has left the remote measuring devices and software company and will not be replaced. Brewerton left on Nov. 7, the Wellington-based company said in a brief statement. He had been with the company as operations manager since January 2012, according to a LinkedIn profile. His presence has been removed from the website, but …

Pyne Gould Corp, which is controlled by managing director George Kerr, will keep on buying back shares as it looks to narrow the shortfall from its net tangible asset value, and said it expects the audit of its Torchlight investment should be done before it releases its first-half earnings. Chairman Bryan Mogridge told shareholders in Auckland the firm will continue with …

The Financial Markets Authority won’t chase South Canterbury Finance in a civil claim, saying it can’t justify the cost of doing so and leaving it to Crown Asset Management (CAML) to pursue the failed lender’s directors. The market watchdog today closed its inquiries into a potential civil claim against SCF, two days after former director Ed Sullivan was this week sentenced to …