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Pacific Edge appoints McKinsey almumni Sitch to board

Pacific Edge, the non-invasive bladder cancer test maker, has appointed former McKinsey & Co consultant Charles Sitch to its board. Sitch will join the Dunedin-based company’s board on Nov. 1 as an independent director, Pacific Edge said in a statement. Sitch is also a director of Spark New Zealand, and was previously a senior director at McKinsey, working with executives …

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NZ consumer confidence edges up in September from a 10-month low

New Zealand consumer confidence rose in September from a 10-month low, as households adjust to a more moderate pace of economic growth. The ANZ-Roy Morgan Consumer Confidence Index rose 2 points to 127.7, paring August’s 7 point drop to 125.5. The current conditions index rose to 124.1 from 123.4 and the future conditions index increased to 130.2 from 126.9. Almost all …

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ASX-listed Vocus declares FX Networks acquisition unconditional

Vocus Communications, the ASX-listed telecommunications company, has declared its $115.8 million acquisition of privately owned New Zealand fibre optic cable network operator FX Networks unconditional. The Sydney-based company has received acceptances totalling 99.87 percent of FX Networks’ voting stock, with one shareholder holding out, Vocus said in a statement to the ASX. It will look to enforce mop up provisions under …

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