Shell's NZ petrol stations are now locally owned, with Infratil and the Super Fund saying that a large chunk of profits will stay in NZ.

Infratil and the NZ Super Fund says they have finalised the purchase of Shell New Zealand in a $696.5 million joint venture deal.

Telecom shares sank to new a low on the NZ sharemarket today, while rises in Fletcher Building, Contact Energy and other leaders helped carry the market higher.

Bus drivers are crying 'Scrooge' over the withdrawal of Christmas gift hampers and free Christmas Day bus rides.

The Government is passing a law so that the new Auckland Super City council doesn't need to initiate a takeover bid for AIAL.