Moa Group, the boutique beer maker which raised $16 million when it went public in 2012, posted a wider full-year loss and said major shareholders Pioneer Capital and the Business Bakery have committed to providing enough financial support to allow the company to keep operating for at least the year ahead. The net loss was $5.8 million, or 19.2 cents …

Tower, which sold its health, life, and investment units to focus on general insurance, reported a 70 percent slide in first-half earnings, reflecting gains from asset sales a year earlier that weren’t repeated. Net profit dropped to $13.1 million in the six months ended March 31, from $44.2 million a year earlier, the Auckland-based company said in a statement. Tower’s continuing operations, …

The New Zealand dollar advanced in quiet holiday trading as some investors saw the currency’s recent decline as an opportunity to buy the local currency. The kiwi rose to 85.48 US cents at 8am in Wellington from 85.34 cents at 5pm yesterday. The trade-weighted index gained to 79.81 from 79.73 yesterday. Currency markets were illiquid overnight with the US markets …