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.

National leader John Key talks about Teapotgate, asset sales and New Zealand's credit rating downgrade.

Fonterra chairman Henry van der Heyden is to step down next year after a decade in the job.

Global instability is slowing down projects and businesses that depend on capital investment, says Simpson Grierson chair Kevin Jaffe.

Anzco Foods chairman Graeme Harrison says agriculture is the engine of economic growth and the country has been fortunate the primary sector has been delivering.