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.

There have been a number of recent comments that the NZ sharemarket is overvalued, just as it was in the mid-1980s, writes Brian Gaynor.

French food giant Danone has entered an agreement to buy New Zealand dairy processing firms Sutton Group and Gardians.