The $2.8 billion of local shopping malls owned by Australia’s Westfield Group barely got a mention in the 423-page document for the company’s restructure but accounts filed in New Zealand show earnings of $165.8 million in 2013. The malls which dominate the New Zealand shopping scene were lumped in the Australasian business for the rundown on the restructuring approved by …

Shares of Serko, the online business travel booking company, rose 2.7 in their NZX debut after closing the retail portion of its initial public offering early because of strong demand. The shares first traded at $1.13 compared to its IPO price of $1.10. Serko sold 5.5 million of new shares at $1.10 apiece, raising some $17 million, and a further 4.5 million existing shares …

Shares in Kathmandu Holdings slumped 8.7 percent, making them the worst performer on the benchmark NZX 50 Index, after the outdoor apparel and equipment retailer said its full-year earnings may decline as much as 15 percent as warmer weather crimps sales of cold weather products such as down jackets, fleece and thermals. The Christchurch-based company said earnings before interest and tax …