The voluntary administrators of a beleaguered Australian firm, which froze more than $100 million of Kiwi investments, have softened a statement regarding meeting creditor and investor obligations.

A court date for out-of pocket investors taking legal action against former directors of the failed carpet maker Feltex has been set for March 2014 - six years after the proceedings started.

With recent research highlighting that there are approximately 5000 companies in New Zealand with revenues of $10 million.

Guinness Peat Group (GPG), the investment holding company in the final stages of selling all but one of its assets, is considering its options after completing a share buyback yesterday.

Shares in Mighty River Power are likely to cost between $2.36 and $2.75, according to estimates based on a raft of pre-marketing research reports released by major broking firms.

Transparency and engagement are important ingredients in building a successful business that serves the needs of all stakeholders, writes Paul Glass.

Two overseas government watchdogs have issued warnings to investors about a British company offering big returns for their money.

The New Zealand sharemarket surged to a record high yesterday, driven by rises in major stocks including Telecom, Sky TV and Xero.

Rupert Murdoch's sell-down of his 43.6 per cent share of Sky TV leaves local management with greater influence over the pay television operator.

Four Lombard Finance directors could face tougher sentences as their case goes to the Court of Appeal this week.

Developers of two huge residential schemes knocked back by authorities in Auckland last week are vowing to fight for their right to build and are heading to the Environment Court.

A recent pick-up in Australian housing loan approvals has gone into reverse, suggesting a series of interest rate cuts is taking its time in percolating through the economy.

Analysts are picking a positive reporting season driven by strong performances in the retail and construction sectors but warn New Zealand's high dollar could be a stumbling block this year.

Companies looking to invest or do business in China need to build up local relationships, use advisers who know the market.

New Zealanders are showing a rising resistance to overseas investors, a business survey has found.

Executives running the country's biggest real estate syndicator, managing property assets valued at about $850 million, are examining a new venture.

A property developer linked to Belgrave Finance has escaped criminal prosecution because he is terminally ill but could still be chased by the collapsed company's receivers for damages.

Claims that late Timaru businessman Allan Hubbard misled investors came as no surprise to those still waiting for money out of his collapsed financial empire.

US financial markets have taken a breather after weeks of intense haggling throughout the debate on the fiscal cliff.

Market players are picking a bumper year for new sharemarket listings on the back of strong sharemarket gains and investor appetite for equities.

New Zealand shares rose on the first trading day of 2013, following gains on Wall Street, as investors drove up companies that have featured on broker lists for 2013, such as PGG Wrightson and Ryman Healthcare.

Three stocks have the strongest backing from brokers in the 2013 broker picks.

A whiff of lollies in the breeze - with a trace of gravy - is the sweet smell of success for a South Auckland factory providing steady jobs and export earnings.

Datacom manages IT services for firms and has more than 4000 staff in New Zealand and overseas.