New Zealand shares rose, led by Westpac Banking Corp, as dual-listed stocks rebounded from a sharp drop yesterday. Australia and New Zealand Banking Group and Spark New Zealand gained. The S&P/NZX 50 Index rose 5.98 points, or 0.1 percent, to 5613.29, somewhat reversing yesterday’s biggest drop in four years. Within the index, 15 stocks rose, 28 fell and seven were unchanged. Turnover was $260 million. Some …

Beingmate Baby & Child Food Co shares fell to their lowest since February 2013, after being caught up in the global share-market rout that’s dented Chinese equity markets, slicing more than $200 million from Fonterra Cooperative Group’s investment in the Hanzhou-based infant formula maker. The Shenzhen stock exchange-listed shares dropped 10 percent to 11.87 Chinese yuan, the lowest level since …

Mercer Group, the stainless steel fabricator and manufacturer, widened its annual loss after only one of its units turned a profit and it wrote down the value of its assets. The Auckland-based company posted a loss of $6.7 million, or 2.21 cents a share, in the 12 months ended June 30, from a loss of $457,000, or 0.17 cents, a year earlier, …