Fletcher Building, the biggest listed company in New Zealand, faces a probe into potentially anti-competitive behaviour in its plasterboard supply arrangements. The Auckland-based company has today been advised that the competition watchdog, the Commerce Commission, “intends to inquire into its plasterboard supply arrangements with building supplies merchants,” it said in a statement. A spokesman for the Commerce Commission confirmed the …

Genesis Energy is to mothball the second of four generating units at its ageing Huntly power station more than a year earlier than previously signalled as flat demand and a surge in new, lower cost generation has made it surplus to requirements. Genesis spokesman Richard Gordon said the decision was made after observing that, even with a severe drought earlier …

Shares in Pumpkin Patch are the best performer on New Zealand’s benchmark index today as the children’s clothing retailer turned to a profit in 2013 after posting a loss the year earlier when it reorganised its business. Pumpkin Patch shares rose 5 percent to $1.05 after the company said net profit was $5.1 million in the year ended July 31, …