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

The surest way to profit from takeover speculation in the stock market is to bet it's wrong.

United Continental's airline network map looks like an atlas attacked by a crayon-wielding 2-year-old.

The new 'heartland bank' formed by Canterbury Building Society and Souther Cross will come into being tomorrow, with an investment grade crdit rating and NZX listing expected next month.

Chinese agricultural company Agria Corp is aiming to lift its shareholding in PGG Wrightson from the current 19 per cent to a majority stake in a bid with New Hope Group, one of China's largest agricultural and food corporations.

Crane Group has told its shareholders to reject Fletcher Building's A$740 million ($989 million) takeover bid.

The family of Michael Hill International's founder has renewed its attempt to take control of the jewellery chain.