Junk bonds are back, though in truth they never went away and we've lost track of what these bonds actually were and are: Instruments that allow riskier ventures to be funded.

Postie Plus said today it had called in administrators. Markets writer Christopher Adams looks at what's gone wrong.

Postie Plus, the worst performing stock on the New Zealand stock market, has appointed administrators after its lenders withdrew support.

Reports that companies are being turned away and told they are not ready for market listing are heartening, writes Liam Dann. Certainly there is no upside for investment banks in being associated with a turkey of a float.

Investment bankers are putting increasing numbers of companies under the microscope as New Zealand firms line up to cash in on a rising sharemarket.

Wilmar International and First Pacific Co have sweetened their takeover bid for Goodman Fielder by A$100 million, but won't go any higher without a rival offer.