Freightways, New Zealand’s largest listed courier and data management company, has bought two document shredding firms, one on either side of the Tasman, for an aggregate $13 million. The Auckland-based company bought Australia’s Advance Security Destruction Services and Hastings-based Docushred, effective from the start of this month, and expects the acquisitions to immediately add to earnings, it said in a …

The New Zealand dollar jumped 1 US cent from local trading on Friday after key US employment data failed to meet the expectations of some short-term traders who had bet the data would print even higher. The kiwi touched 82.93 US cents this morning, its highest level in more than two weeks, and was trading at 82.82 US cents at …

Utilico Investments, a UK investor managed by Infratil director Duncan Saville’s ICM, has reduced its stake in Infratil after participating in the Wellington-based company’s buyback and selling shares on market. Utilico’s holding reduced to 11.8 percent from 13.3 percent after it sold 6.6 million shares in last week’s buyback at $2.38 apiece and sold 5 million shares in March at …