New Zealand’s trade surplus narrowed more than expected in April as exports fell more than imports, driven by a drop in shipments of  dairy products and meat. The trade surplus was $534 million in April, from a revised $935 million in March, and $171 million a year earlier, according to Statistics New Zealand. The annual trade balance turned to surplus of $1.19 billion, or …

Gentrack Group plans to raise as much as $101.8 million in an initial public offering next month, allowing existing owners to sell down their holdings and giving the utility and airport management software company funds to repay debt. The shares will be offered at an indicative price range of $2 to $2.50, valuing the Auckland-based company at between $151.4 million …

Hellaby Holdings, whose interests range from footwear to oil and gas services, said full-year profit may rise 35 percent on improved performance of four of its five divisions, although footwear continues to lag behind and Contract Resources undershot its forecast. The shares fell. Profit is expected to be about $25 million in the year ending June 30, from $18.2 million …