21 Jan 2015

Business Briefs

1:54 pm on 21 January 2015

Rakon small shareholders target of stock offer

The listed firm Rakon said small shareholders were the target of an unsolicited offer for their stock.

The company said Zero Commission intended to offer 31 cents a share to investors who held between one to 9,000 shares.

Rakon's board does not endorse the proposed offer, and said it is 11 percent below Rakon's closing price of 35 cents on Monday.

The company was urging shareholders to seek advice if they were uncertain about the offer.

Growth in international air travel stalling

The International Air Transport Association said growth in international air travel was stalling.

It said the number of air passengers travelling abroad rose 3.6 percent in November compared with the same month a year earlier.

The association said that was slightly weaker than October's result.

It said while the outlook for international air travel remained positive overall, economic slowdowns in China and the Eurozone could put downward pressure on demand in coming months.

Online skilled job vacancies rise

Online skilled job vacancies rose 1.1 percent in December, while increasing 7.4 percent over last year.

The Ministry of Business, Innovation and Employment's report said the biggest annual increases were in Bay of Plenty, Otago and Auckland.

But it said skilled vacancies dropped in Wellington and Northland.