The New Zealand dollar extended its decline in local trading after government figures showed the biggest monthly trade deficit in almost five years, and after rotten apple exports into China became the latest unsanitary food consignment to the country’s biggest trading partner. The kiwi fell to 82.27 US cents at 5pm in Wellington from 82.70 cents at 8am and 83.35 …

Kathmandu Holdings rose to an all-time high as analysts upgraded estimates following the outdoor equipment and clothing retailer record full-year earnings and bullish outlook statement. Shares in Kathmandu touched a record $3.40, and were recently up 5.4 percent to $3.35, taking their gain so far this year to 60 percent. The shares gained 12 percent yesterday after the company reported …

Hansells Food Group breached a lending covenant with ANZ Bank New Zealand because of a loss of earnings at its Australian subsidiary stemming from a customer’s trademark dispute with another company. The Hansells unit had been making products for the customer under a brand which became the subject of a dispute and subsequently had “significant lost sales,” according to its …