The claim by Tony Gibbs that he pushed for the AGM to be held in New Zealand is 'phoney' says Ron Brierley.

Twitter's chief executive has batted away questions about it being a takeover target and failed to outline any justification for a $10 billion company valuation.

Agria's partial takeover bid for PGG Wrightson has been endorsed by directors, but shareholder have been told to wait before accepting it - in case a rival bid emerges.

Crane Group, the Australian building supplies company New Zealand's Fletcher Building is trying to take over, says its interim net profit will be up 17 per cent on last year.

Air New Zealand shares fell after the company paid A$145 million for a 14.9pc stake in new trans-Tasman partner Virgin Blue.