Auckland International Airport, the country’s main gateway, said it had talked to its two duty free retailers following what it called “over-zealous competition” at the airport. The hard-sell tactics of the duty free retailers was raised by a shareholder at the airport’s annual meeting in Auckland today and comes as the company considers bids for the upcoming eight-year duty free …

New Zealand shares rose to a new record close, led by Restaurant Brands New Zealand after the country’s biggest fast-food operator boosted its annual earnings guidance. Spark New Zealand pace gains as investors sought defensive stocks with reliable dividends The NZX 50 Index rose 13.126 points, or 0.2 percent, to 5292.825. Within the index, 20 stocks rose, 15 fell and 15 were unchanged. Turnover was $130.7 …

Fonterra Co-operative Group, the world’s biggest dairy exporter, has begun a consultation process prior to lodging consent applications to build two new high-efficiency milk powder driers at its Studholme site in South Canterbury. The Auckland-based dairy company said the proposed investment would add about 9 million litres of capacity to its milk processing in South Canterbury, one of the country’s fastest-growing dairy …