Shares in APN News & Media plunged to a record low in New Zealand trading after the media group’s chief executive, chairman and three independent directors walked over strong-arm tactics by its two biggest shareholders to stop a capital raising. The shares dropped 14 percent to a record-low 31 cents, with just 12,000 shares changing hands before trading opens in …

Precinct Properties New Zealand, formerly known as AMP NZ Office, posted a 1.5 percent decline in first-half net operating income as costs rose and occupancy fell. It lifted its first-half dividend for the first time since 2008. Operating profit, which excludes some non-cash items and is used as the basis of dividend policy, was $26.2 million in the six months …

Comvita, which produces health products from manuka honey and olive leaves, expects a 15 percent fall in annual profit because of expensive honey, supply shortages and tough trading conditions in the UK and Australia. The Te Puke-based company expects net profit of $7 million in the year ending March 31, down from $8.2 million a year earlier which it had …