CeresNZ, the Christchurch-based unit of American firm Ceres Environmental Services, says it has a “strong interest” in buying Mainzeal Property and Construction from the receivers. CeresNZ plans to have preliminary talks with the receivers, betting that the rebuild of Christchurch provides a role for the “highly skilled people within Mainzeal,” according to a statement posted on the Scoop website. Mainzeal, …

New Zealand shares rose, led by network company Chorus after the government pushed back draft plans to regulate its prices pending a wider review. Summerset Group rose to a new record on optimism about returns from retirement villages. The NZX 50 Index gained 30.48 points, or 0.7 percent, to 4225.72. Within the index, 26 stocks rose, 17 fell and seven …

The New Zealand dollar is heading for a 1.2 percent fall against the greenback over the course of the week after the US currency rallied following a warning from European Central Bank boss Mario Draghi against the strength of the euro and weak local employment data. The kiwi traded at 83.42 US cents at 5pm in Wellington from 83.05 cents …