Fairfax has completed a sell-down of its 51 per cent stake in Trade Me, the online shopping site confirmed this evening.

Trade Me shares are in a trading halt, as announcements confirm Fairfax is selling its 51 per cent stake in the company.

Restaurant Brands' newly opened Carl's Jr burger store in Mangere has performed ahead of expectations during its first five days of trading, the company says.

We're unlikely to get a repeat of the New Zealand sharemarket's exceptional year, predicts Mark Lister.

Shares in Pyne Gould Corp plunged to a record low after yesterday's annual meeting in Auckland.

Tower has posted a 67 per cent jump in full-year profit and said it will return $120 million to shareholders.

Shares in Pharmacybrands rallied to a three-week high after the rcompany lifted first-half profit 52 per cent.

Fonterra said it had set its final price for units in the Fonterra Shareholders' Fund at $5.50 per unit - the top end of an indicative $4.60 to $5.50 range.

Warehouse Group has reiterated its forecast for this year's earnings to beat those in 2012, and sees signs of growth in consumer spending.

An accountant's blunder in the 2009 accounts of New Zealand Farming Systems Uruguay has come back to haunt a Singaporean commodities giant.

New Zealand's mostly Australian-owned banks are not as profitable as they appear, despite very strong earnings, the NZ Bankers Association says.

Distribution and logistics centres in the spotlight as firm looks to save money.

Chinese interest in investing in Fonterra's Cooperative Group's shareholder fund was predictable, says the main farm lobby group.

New Zealand has outshone the world's major economies to top a Forbes list of the best countries for business.

Shares in Moa Group, the boutique beer maker doing NZ's first initial public offering of the year, have started trading on the NZX at an 8 per cent premium.