12:38 PM.Property developer Precinct Properties has bought Auckland's Downtown Car Park for $122 million, and plans to spend about $1.5 billion to demolish and redevelop it.
12:23 PM.Local drug company maker AFT Pharmaceuticals has posted improved revenue and profits as acceptance of its Maxigesic pain relief drives growth.
Gyles Beckford has the business news. Read moreAudio
5:33 PM.News from the business sector, including a market report. [embed] https://players.brightcove.net/6093072280001/default_default/index.html?videoId=6341580096112 Read moreVideo, Audio
12:20 PM.Shares in pharmaceutical and animal care company Ebos have fallen more than 6 percent this morning after a potential $3 billion takeover deal has fallen through.