Nona Pelletier

Fletcher Building has withdrawn its takeover offer for Steel & Tube, after its increased puchase price was snubbed.

A shareholder in NZX is fed up with the market operator's progress in implementing changes that will turn its fortunes around and has published an alternative strategic plan for it to follow.

Speciality dairy producer Synlait Milk has nearly doubled its profit with a strong increase in sales of infant formula.

Dairy giant Fonterra is expected to post a substantial annual loss when it releases its financial results on Thursday, but as much attention will be on its future plans as on the numbers.

Overseas forestry companies are expected to show more interest in New Zealand's forestry sector after a successful deal involving an Australian company.

The winter season has sent a chill through the housing market, with slower price growth and less competition for first time home buyers.

Consumers are more optomistic than businesses in the latest confidence surveys but the two results point to a potential slowdown in the economy by the end of the year.

Kiwi Group, which owns KiwiBank, has more than doubled its annual profit.

Vector's profits dropped by 11 percent in the year to June.

Fletcher Building has made a worse than expected full year loss as the problems with major projects overwhelmed the earnings of the rest of the group.

Mercury Energy has made a strong full-year profit driven up by record hydro generation.

The world's biggest economy is in good shape and in no danger of recession and under no threat from any trade war, according to a senior economist at S&P Global.

The Supreme Court has opened the door for further action against the directors of the failed Feltex Carpets after finding that a revenue forecast provided to shareholders was untrue.

Rubber-goods maker Skellerup has made a record profit driven by strong sales growth in New Zealand and other parts of the world.

The country needs to speed up its infrastructure spending to make up for a deficit that is hurting the economy and will only get worse with climate change, according to a new report.

Freightways has reported a smaller-than-expected increase in profit as it counts the inflationary cost of a tight labour and increased spending on infrastructure.

Who wants to be a director? That's a question many are asking themselves - with relatively little reward for an increasingly risky and complex role.

The Financial Markets Authority has given the NZX a black mark in an annual review of the market operator.

The country's biggest poultry producer, Tegel, has reported a drop in profit and flat sales.

Housing prices are in a holding pattern with values in Auckland and Wellington at a standstill.

Vodafone and Vocus are promising a bigger, brighter broadband service when the national high speed fibre fibre network is deregulated in two years.

Sky TV and Spark have agreed that Sky's Fanpass will be available to Spark customers with unlimited broadband plans.

Spark has downgraded its profit outlook as it plans to spend more on a restructuring programme, adding $55 million of costs to the bottom line.

The share price of Steel & Tube has dropped by nearly a quarter in early trading after the building supplies company said it would take a $54 million write-down.

The telecommunications industry is banding together to combat scammers and provide more consumer protection.