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Silver Fern rebuts 'misleading' claims

Silver Fern Farms says the group agitating for change at New Zealand's biggest meat processor has misled shareholders.

Milford Asset loses wholesale clients

Milford Asset Management has lost five wholesale clients, including financial services provider Mercer, since its $1.5 million settlement with the FMA last month.

Miner cuts value with drilling on hold

The owner of the Sams Creek Gold Project, which sits atop what could be New Zealand's biggest undeveloped gold deposit, has slashed the value of the resource.

'Hard to be bullish' on dairy prices

NZX dairy futures pricing continues to point to more weakness in the whole milk powder market, following on from the sharp decline at last week's GlobalDairyTrade auction.

China's richest lose $50b

The worst monthly slump in Chinese stocks in two years wiped away more than US$34 billion ($50.8 billion) in combined net worth of the richest people in June.

Bunnings' only threat is its own growth

The Bunnings chain of hardware stores have been a great success story, but the chain is at risk of becoming a victim of its own success, writes Christopher Niesche.

New player in duty-free market

A new duty-free operator at Auckland International Airport is promising a little less of the hard sell that annoyed travellers.

FMA boss favours civil action

Hamish Fletcher says he FMA, after some law changes, now has the tools that allow it to proactively stamp out misleading conduct in the market.

'Huge move' after Greek vote unlikely

Today's referendum result in Greece is set to dominate market trading this week, although economists predict that it will not lead to huge impacts locally.

Wall St up, Euro markets down as Greek deadline looms

World stockmarkets have moved only slightly overnight, as the news from Greece changes minute by minute.

Briscoes in Kathmandu takeover

If successful the takeover would give Briscoe Group access to the Australian market, where Kathmandu already has 100 stores.

World shares fall overnight on Greek fears

World shares have slumped on concern Greece is headed for default and exit from the euro zone.

Job market confidence low

New Zealanders grew more downcast about the state of the labour market in the second quarter, with a softer outlook for wage growth weighing on confidence.

Flat demand sees Huntly unit retired

Genesis Energy, the country's biggest energy retailer, will permanently retire a coal/gas-fired unit at the Huntly Power Station.

Dairy farmers still buying palm kernel

Low dairy prices have not dampened demand for palm kernel - a supplementary feed which has the effect of "turbo-charging" milk production.

Traders brace for falling NZ dollar

Currency traders will be on tenterhooks this week as the Greek sovereign debt crisis goes from bad to worse, with more downward pressure likely to come on the Kiwi dollar.

Price of milk: Kiwis not ripped off

Prime Minister John Key says overseas markets are causing high prices for milk at home.

Trade deficit shrinks in May

For the month of May, New Zealand had a trade surplus of $350 million, beating expectations for a $100 million deficit.