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Smartpay Signs Distribution Agreement With Paymark

Wellington, March 17 NZPA - Merchant service provider SmartPay says it has signed a distribution agreement with Eftpos processor Paymark to distribute its IP-POS service. Paymark has 80,000 terminals and processes about 75 percent of all electronic transactions by retailers.

Windfarm Talks With Mighty River Not Successful

Wellington, March 17 NZPA - NZ Windfarms Ltd says it has had talks with Mighty River Power about potential co-operation in wind-powered generation, but could not do a deal.

Action Expected Soon On Toll Rail Talks

Wellington, March 17 NZPA - Time is ticking away for Toll Holdings to come back with an offer to break the deadlock in talks with the Government on the sale of rail assets.

Buller Miner's Future Uncertain

Westport, March 19 NZPA - The Australian owner of Buller's Cascade Mine has declared a loss of $2.66 million for the half-year to December 31, putting the company's future in doubt.

F&P Healthcare Looks For Sales Boost From US Decision

Wellington, March 19 NZPA - The sales outlook for medical equipment manufacturer Fisher Paykel Healthcare has been given a boost from taxpayer-funded medical insurance schemes in the United States extending subsidies for sleep breathing devices.The Centers for Medicare and Medicaid Services (CMS

Kermadec Shares Dive As Augusta Lines Up Property Sale

(Corrects H3502 run in last cycle correcting percentage fall in last sentence of fourth par.) Wellington, March 18 NZPA - A subsidiary of Peter Francis's Augusta Group plans to sell the Finance Centre Podium development in Auckland to listed Kermadec Property Fund (KPF).

Local Authority Income And Spending Up

Wellington, March 17 NZPA - Local authorities' seasonally adjusted operating revenue increased 6.9 percent in the December 2007 quarter, Statistics New Zealand said.

NZ Stocks Hurt By Market Storm - But Could Be Worse

By Catherine Harris of NZPA Wellington, March 17 NZPA - New Zealand investors were biting their fingernails today as global sharemarkets took another mighty dive.

St Laurence Proceeds With Rights Issue

Wellington, March 17 NZPA - St Laurence Property and Finance Ltd (SLPF) today issued a prospectus for a signalled rights issue to raise $18.19 million to help repay maturing debentures and fund three specific development opportunities.

St Laurence Raises Money Now Because It Couldn't Later

Wellington, March 17 NZPA - St Laurence Property and Finance Ltd (SLPF) today went ahead with a capital raising because its chief executive didn't believe it would be possible in six months time.

Vector Debt Financing Gets Solid Rating

Wellington, March 19 NZPA - Lines company Vector's medium-term note programme has been given a solid "BBB+" long-term rating by credit ratings agency Standard and Poor's.

Abano Awaits Crescent's Next Move

Wellington, March 17 NZPA - There was no word today on what Crescent Capital Partners would do with its 19.7 percent stake in Abano following the failure of its takeover bid on Friday.

Crescent Offer For Abano Lapses, No Decision Yet On Future

Wellington, March 18 NZPA - Crescent Capital Partners said today its offer for Abano Healthcare had lapsed after falling short of 50.1 percent on Friday.

NZ Fund Set Up By ABN Amro's Absolute Capital To Be Liquidated

Wellington, March 18 NZPA - Another New Zealand fund set up by Australian hedge fund Absolute Capital Group, now in administration, is to be liquidated.

NZ One Of Safest Places To Do Business

Wellington, March 19 NZPA - New Zealand is still one of the least risky places to do business, according to a recent survey.

Pacific Brands Reappoints CFO

Wellington, March 17 NZPA - Clothing manufacturer Pacific Brands has re-appointed Stephen Tierney as its chief financial officer. Mr Tierney has been with Pacific Brands for 18 years including as group general manager of operations.

Cabletalk Says Loss Of Contract To Hit Profit

Wellington, March 18 NZPA - Cabletalk Group said a decision by TelstraClear to appoint another company for South Island field services would hurt profitability.

Meridian To Pay Govt Special $175m Dividend

Wellington, March 25 NZPA - State-owned power company Meridian Energy said today it would pay the Government a special dividend of $175 million. The special dividend is on top of a $60.9m interim dividend also announced.

VTL Says At Due Diligence Stage With Sthn California Business

Wellington, March 19 NZPA - Troubled vending machine franchise company VTL Group says it is at the due diligence stage in the sale of its 24seven vending busin ess system operation in southern California.

Most Of 60 Workers At Auckland Laminex Plant To Lose Jobs

Wellington, March 19 NZPA - Most of the 60 workers at an Auckland plant of Fletcher Building division Laminex Group are to be made redundant as production is moved to China.

Rent Rises, But Home Affordability Improves Slightly - Reports

Wellington, March 20 NZPA - Renting became more expensive at the start of the year, but home affordability has improved slightly, according to two reports.

Rock Going Ahead Despite Comments

Wellington, March 17 NZPA - Wellington airport owner Infratil acknowledges it got good and bad feedback on its "Rock" terminal design but said construction will begin soon regardless.

Windflow Technology Reports Loss

Wellington, March 17 NZPA - Windflow Technology Ltd has reported a $2.25 million loss in the six months to December 31 and is not paying a dividend.

Another 5c In $ Going To Provincial Finance Debenture Holders

Wellington, March 20 NZPA - A further 5c in the dollar is to be paid to debenture holders of collapsed lender Provincial Finance, receivers PricewaterhouseCoopers said.

Lelei Finance Fined $37,480 Over Act Breaches

Wellington, March 20 NZPA - A south Auckland consumer company generally lending to the Tongan community has been fined $37,480, partly for failing to provide enough information to debtors.

Lobby Groups Complain About Foreign Investment Rule Changes

Wellington, March 19 NZPA - The Business Roundtable and Wellington Regional Chamber of Commerce have complained to the Clerk of the House about the tightening of foreign investment regulations behind closed doors.

NZ Post Lifts Half Year Net Profit

Wellington, March 25 NZPA - New Zealand Post, owner of Kiwibank, said today it had lifted its December half year net profit to $52.9 million from $48.4m (restated under new accounting rules from $38.2m).

Port Of Tauranga To Lose Out As Shipping Giants Merge Service

Wellington, March 18 NZPA - Port of Tauranga said today shipping services would be cut by 78 visits a year after a decision by heavyweights Hamburg Sud Trident and Maersk to merge their East Coast North America services.

ComCom Declines Sumitomo Clearance To Buy CHH MDF Business

Wellington, March 20 NZPA - The Commerce Commission has not cleared Japan's Sumitomo Forestry to buy Carter Holt Harvey's medium density fibreboard (MDF) business in Rangiora.

Investor Thought To Have Bought 3.6 Pct Of Pumpkin Patch

Wellington, March 20 NZPA - A wealthy private investor is thought to have bought 3.6 percent of children's clothing retailer Pumpkin Patch.

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