Delegat’s Group, the winemaker which this year bought Australia’s Barossa Valley Estate brand, expects operating profit to rise by about 10 percent in 2014, though it warns a high kiwi dollar may hurt earnings. Net operating earnings are expected to rise to $29 million in the 12 months ending June 30, 2014, from $26.3 million a year earlier, managing director …

Infratil completed its on-market buyback at $2.38 a share, or a total of $59 million. The shares fell 1.7 percent to $2.34 when they resumed trading, having been halted for the buyback. The 24.8 million shares acquired by brokerage First NZ Capital on behalf of Infratil will be held as Treasury stock, shrinking total ordinary shares to about 561 million …

Corporate owners of forestry estates with lax health and safety standards leading to serious injury or death will be easier to target under the new regulatory regime, according to Ministry of Business, Innovation and Employment chief executive David Smol. The forestry sector has come under scrutiny in recent months, with nine deaths in the workplace this year, a level Smol …