The initial public offering pipeline is expected to keep delivering in the year ahead, but market watchers say it will be a challenge to match or exceed 2014's bumper crop of 12 IPOs.

The benchmark NZX 50 Index hit its highest point yesterday and has risen by 17 per cent in 2014, marking another golden year for local equities.

Mighty River Power and the Tuwharetoa Maori Trust Board have signed a deal over water in Lake Taupo, the terms of which the electricity generator says are confidential.

Air New Zealand chief executive Christopher Luxon expects low oil prices to stimulate demand for travel but for their beneficial effect on the airline's fuel bill to be muted by the fall in the New Zealand dollar.

NZX, will spend up to $35 million buying fund manager and KiwiSaver provider SuperLife.

Today we count down to the announcement of the Herald Business Leader of the Year. Here are the first of this year’s nominees. The winner will be named on Saturday.

The year is approaching its end with uncertainty over the future shape of the two big media corporates - MediaWorks, owner of TV3, and NZME., owner of the Herald,

Orion Health has made an impressive sharemarket debut, but analysts say the software developer has a big job ahead in pulling off its ambitious growth targets.

Shares in Orion Health have risen 14% above the offer price following the software developer's sharemarket debut this morning.

Ken Wikeley's bankruptcy is a massive fall from grace for one of the NZX's more colourful characters.

New Zealand shares rose as Fisher & Paykel Healthcare advanced to a record after lifting its annual profit guidance. Xero fell as its first-half results showed a slower pace of growth.

Childcare roll-up Evolve Education Group has set the price for its initial public offer at $1 per share giving it a market share of $177 million.

Mainfreight shares, which have jumped by a third this year, fell after it posted first-half earnings that disappointed some investors.