Cerebos' $71.6 million bid to buy Comvita undervalues the local honey maker by as much as 38 per cent, according to the independent adviser's report.

Solid Energy has announced plans for a new underground and open-cast coal mine employing up to 150 people on the South Island's West Coast.

An up-and-coming Kiwi wine label is toasting its success after taking out two awards in a major Asian competition last week .

Average prices of dairy products resumed their slide in Fonterra's latest auction, the ninth decline in the past 10 sales and the first since the company cut its forecast 2012 payout.

The New Zealand dollar may extend its decline this week as investors, nervous about the slow progress being made on Europe's escalating sovereign debt crisis, sell growth-linked currencies for the relative safety of the greenback.

Average prices of dairy products fell for the sixth straight sale in Fonterra's latest online auction, reaching the lowest level in 10 months.