Allied Farmers, which is recovering from its disastrous takeover of the Hanover and United Finance loan books, wants to raise up to $1 million in a bond issue to settle an outstanding tax bill and stave off threatened liquidation proceedings. The Hawera-based company’s Allied Farmers Rural subsidiary will seek at least $500,000 from a bond issue to fund a proposed …

New Zealand shares fell with Australian shares amid investor caution ahead of this weekend’s federal election. The declines were paced by Fletcher Building as investors took advantage of a gain in its price to sell for a profit. The NZX 50 Index fell 7.173 points, or 0.2 percent, to 4,597.178. Within the index, 20 stocks fell, 18 rose and 12 …

Rakon, the wireless device components maker, plans to start paying dividends in a bid to revive sagging investor confidence after successive years of an underperforming share price. Chairman Bryan Mogridge told shareholders the board today resolved to pay up to 50 percent of net profit, provided it’s fiscally appropriate, after the year ended March 31, 2015. Rakon has previously steered …