The Government has launched an independent probe of Chorus' financial position and its ability to deliver on nationwide ultrafast broadband contracts.

Moa boss Geoff Ross says the up to $6 million full-year loss forecast by the craft beer brewer reflects the "triple hit" the company received from a sales shortfall.

Boutique beer company Moa expects later this month to post a bigger loss than expected full year loss.

NZ Oil and Gas has a moral obligation to pay Pike River families it's claimed - after shareholders yesterday voted not to fork out $3.41m awarded by judge.

Grey District mayor Tony Kokshoorn says the resource consent approval for Escarpment coal mine on the West Coast's Denniston Plateau is great news for the district.

New Zealand tech stocks continued to soar today. Cloud accounting company Xero touched a new high of $29.30 - giving it a market capitalisation of $3.7 billion.

NZ tech darling Xero has raised $180m in new capital - but it's not planning new acquisitions. It's "more about building a war chest" says founder Rod Drury.

An academic says New Zealand's local stock exchange needs to step up its game.

Mighty River Power's $50 million share buyback is more about the company's strong balance sheet than politics, says chair Joan Withers.

Shares in Mighty River Power gained 5c today after the company announced that it would buy back up to $50 million of its shares - 6 months after it was listed.

The newly floated state owned power company Mighty River has announced a $50m share buyback plan - less than six months after it was partially privatised.

A call by Abano Healthcare for former director Peter Hutson to come up with a price for his half of their jointly owned audiology business has failed to illicit a public response.