Murray Radford will retire as chairman of Mowbray Collectibles as the auction house prepares to rename as Bethunes after selling units and repaying debt. Radford will end 15 years on the Mowbray board and Christopher Swasbrook will act as chairman until a replacement is found, the Wellington-based collectibles company said in a statement. Mowbray settled the sale of subsidiaries Mowbray Bethunes and …

Beingmate Baby & Child Food Co shares have halved in value on the Shenzen stock exchange over the past three weeks, pushing their price 12 percent below what Fonterra Cooperative Group paid for its 18.8 percent stake in the Chinese infant formula maker. Beingmate shares closed at 15.82 yuan yesterday, below the 18 yuan apiece, or 3.46 billion yuan that the Auckland-based dairy cooperative paid …

MightyRiverPower’s Metrix metering business has walked away from a deal with Infratil-controlled Trustpower that would have supplied the power company’s 242,000 electricity customers with smart meters. The Auckland-based company decided not to proceed with the contract after reviewing the systems development to date and ongoing requirements, it said in a statement. The contract was expected to start this year, before scaling …