Synlait Milk, which is 39 percent owned by China’s Bright Dairy, said it is on track to meet its prospectus forecasts for earnings growth in 2014 as it ramps up production of infant formula and its constituent ingredients. The Canterbury-based dairy processor went public in July, raising $75 million to repay debt and build a plant to produce lactoferrin, an …

Fears the big power companies will stifle small competitors is prompting the Electricity Authority to mount an investigation into the practice of customer “saves” and “win-backs” to prevent customers switching provider. The regulator issued figures showing that some small retailers, particularly Pulse Utilities (Just Energy) and Hunet Energy, which targets Asian customers on Auckland’s North Shore, have been particularly hard …

Auckland International Airport, the nation’s busiest gateway, had its Standard & Poor’s outlook revised to ‘stable’ from ‘positive’ while its A-/A-2 credit rating was affirmed following plans to increase debt to return $454 million to shareholders. “The increase in debt will drive a relative weakening of the key financial metrics over the short term, in relation to our prior expectations, …