13 Jul 2015

Business Briefs

2:12 pm on 13 July 2015

Bill English to visit China

Finance Minister Bill English is heading to China to visit his counterparts in Beijing this week.

Mr English also plans to visit inland regions with research and business links to New Zealand.

He says it will also be a chance to assess the current situation with the Chinese financial markets and any potential flow on effects for this country.

New resident for airport's business park

Auckland International Airport says global logistics provider Agility will base its New Zealand head office at the airport's business park.

The airport is building a 4750 square metre facility for Agility, including a warehouse.

No re-election for IkeGPS Group leader

IkeGPS Group's executive director Leon Toorenburg will not stand for re-election at the company's annual meeting later this month.

He says he wants to focus his time and efforts on his role as Ike's chief technical officer.

Mr Toorenburg is one of the original inventors of IkeGPS technology platform and is the founder of the company.

Windflow Technology to pay dividend

Windflow Technology will pay the second dividend on the company's preference shares that are due to mature in early 2019, costing it $73,000.

These unlisted preference shares were issued in January 2014.

The dividend will be paid today.

Boost in three airlines' shares

Shares in airlines have jumped after Ryanair voted to accept International Airlines Group's offer for its 30 percent stake in Aer Lingus.

Ryanair and IAG shares rose almost 3 percent, while Aer Lingus increased 2 percent.

The formal acceptance paves the way for the €1.3 billion bid by BA and Iberia owner IAG for Aer Lingus to go ahead.

It is subject to backing by competition authorities.

European Union approval is now the last remaining hurdle to the tie-up.