Vitaco Health Group, the food supplements business majority owned by Australian private equity firm Next Capital, has cut a deal with the Inland Revenue Department which will see it give up $29.9 million of tax losses generated from mandatory convertible notes, which it has also pledged to unwind. The Auckland-based company entered into a settlement deed with New Zealand’s tax department …

Air New Zealand chief executive Christopher Luxon has defended its pricing on domestic regional routes, saying it’s one of only a few airlines in the world servicing as many smaller towns as it does, and that such routes are often considered uneconomic. Speaking at the airline’s annual meeting in Christchurch, Luxon told shareholders regional airline economics are “very challenging” and will …

New Zealand business confidence declined for a seventh month in September, to the lowest level in more than two years, as election uncertainty added to concerns about slowing economic growth, according to ANZ Bank’s latest Business Outlook survey. A net 13.4 percent of respondents were optimistic business conditions would improve in the coming year, down from a net of 24.4 in August, and …