Christchurch City Holdings’ offer to mop up the remaining shares in Lyttelton Port Co amounts to a premium of up to 14 percent, according to a report from the independent adviser that recommends it be accepted. Christchurch City Council’s investment and infrastructure unit, which already owns about 79.6 percent of the port, has entered into a lock-up agreement with Port Otago for …

The New Zealand dollar was little changed along with other major currencies as weak manufacturing PMI data from China to Europe had traders looking ahead to manufacturing figures from the US tonight. The kiwi was at 83.76 US cents at 8am in Wellington, from 83.73 cents at 5pm yesterday following the Labor Day holiday in the US yesterday. The trade-weighted index was at …

APN News & Media, which publishes the New Zealand Herald, may list its New Zealand business on the local sharemarket.  The Sydney-based company has retained Grant Samuel to assist with its review of strategic options for APN New Zealand, which includes its New Zealand publishing assets, as well as The Radio Network which encompasses the Newstalk ZB and ZM stations, and …