3 Jul 2015

Business Briefs

4:56 pm on 3 July 2015

Metrix pulls out of contract withTrustpower

Mighty River Power's metering business, Metrix, is ending a contract to provide metering services to Trustpower. The service was due to start early next year.

Chief executive of Metrix, Matthew Olde, said following a review, the best option was not to proceed with the contract.

Trustpower said while it was extremely disappointed it was better that Metrix told it now about its position well before the service had commenced.

Pushpay in US church deal

Pushpay Holdings has entered into a new contract with Church Community Builder, a web-based church management software company that caters to churches in the United States.

Under the contract, Church Community Builder will refer merchants to Pushpay, and Pushpay will pay Church Community Builder a fee for the referral services.

Pushpay said the value of this contract cannot yet be determined, and would be dependent on the number of new merchants that Church Community Builder could refer.

Kirkcaldie and Stains deal step closer

Wellington retailer, Kirkcaldie and Stains, said a condition relating to the lease and refurbishment of the building had been met.

It said it had obtained consent from the landlord of the Lambton Quay store.

Kirkcaldie and Stains shareholders will vote on a proposed takeover by Australian retailer David Jones that will take place at the end of the month.

If the deal is approved, Kirkcaldie and Stains is expected to close in late January and the store will be handed over to David Jones to refurbish.

Fletcher Building lands Chch housebuild deal

Fletcher Building has won the project to build nearly 1000 townhouses and apartments in Christchurch.

Fletcher Residential has been appointed the preferred development partner for the East and North Frame Residential Precinct in Avon, Latimer and Lichfield.

The company said the aim was to bring 2,200 people back to central Christchurch.

Building on the first homes would start in about 18 months, after the development agreement is signed in November.