25 May 2015

Business Briefs

1:57 pm on 25 May 2015

A round-up from Radio New Zealand's business reporters:

Pushpay to join mainboard

Mobile app company, Pushpay, says it will migrate to the NZX mainboard from the NZX's alternative market on 8 May.

No special meeting of shareholders is required to migrate to the main board, although the software company will need to comply with all of the NZX's listing requirements.

Electricity demand has risen - Contact

Contact Energy says electricity demand has risen in both North and South Islands.

It says demand was 1.5 percent higher in April, when compared to last year.

Contact says the national average temperature last month was 14.1 degrees, slightly above the 1981 to 2010 average.

Pitango has high hopes for new factory

A new multi-million dollar food manufacturing plant is expected to help a New Zealand food producer to double its exports and expand into new overseas markets.

Pitango says it will relocate to a new $3 million factory in South Auckland this month.

Managing director, Graeme Laurence, says the new facility will allow the food company to expand into Japan and South Korea later this year.