Shares of Chorus, the regulated telecommunications network operator, jumped as much as 17 percent after the Commerce Commission lifted the prices it can charge for access to the traditional copper lines network for broadband internet services. The shares rose as high as $2.50, the highest the shares have traded since October last year, when the antitrust regulator priced its copper …

Dorchester Pacific says it’s still in the hunt for acquisitions after completing the $82 million cash, scrip and bonds-funded purchase of Turners Auctions and refining its guidance for earnings. Dorchester has invited Turners chairman Michael Dossor to join its board and his investment arm, Bartel Holdings, has ended up with 7 per cent of the finance company. Bartel owned about 20 percent …

Tony Falkenstein, founder and majority owner of Just Water International, will take over as head of the water cooler and supplies business after chief executive Ian Ormiston resigned. Falkenstein will take up the role of managing director to replace the outgoing Ormiston, as the Auckland-based company makes plans to de-list from the NZX once the founder’s takeover is complete, it said in a statement. Through …