University of Canterbury will rely on its implicit government guarantee to meet payments to investors on its bonds after the earthquakes scared off students, seriously denting finances.

Trading in NZX dairy futures passed the 10,000-lot mark today for the first time. NZX says this milestone means the market is well on the way towards reaching critical mass.

The Warehouse says implementing its strategic plan and reinvestment programme should bring an 8pc fall in profits.

Air New Zealand, wants to lift annual profit by $110 million by 2015 and is picking a better performance than the latest earnings performance.