Kiwi cereal maker Smartfoods is about to shift into a new factory that will treble production capacity as part of a five-year plan to boost revenue to $50 million from $15.7 million by jumping on a trend towards healthier eating. Smartfoods, which has around 50 staff, has grown at a compounded annual growth rate of 36.5 percent since its first …

The New Zealand dollar rose as high as 66 US cents overnight after Prime Minister John Key told reporters at his weekly post-Cabinet press conference that the local currency had fallen faster than expected. The kiwi was trading at 65.67 US cents at 8am in Wellington, from 65.61 cents at 5pm yesterday and 65.12 cents immediately before the 4pm press conference. …

The foreign owners of the Tiwai Point aluminium smelter have had discussions with Finance Minister Bill English about further sweeteners to keep the New Zealand’s most energy-intensive industrial plant open and been told there is no scope for further assistance, says Prime Minister John Key. The smelter’s majority owner, Anglo-Australian metals giant Rio Tinto, wrung $30 million in cash out of …