Trade Me, New Zealand’s largest online auction site, posted slower profit growth for 2013 and warned earnings growth would remain tepid in the coming year as it reinvests in its business. Trade Me profit rose 4 percent to $78.6 million in the year ended June 30, slower than the 8.4 percent pace a year earlier, the Wellington-based company said in …

Fletcher Building posted a bounce back in annual profit, led by growth in its New Zealand operations and an absence of the year-earlier charges in Australia, where trading is expected to remain weak. Net profit jumped to $326 million in the 12 months ended June 30, from $185 million a year earlier, when the Auckland-based company took $132 million of …

Chinese officials have responded constructively to the discovery of excessive nitrate levels in milk products from Westland Milk Products that were shipped to China, Prime Minister John Key said. cell phone spy tracker The Ministry for Primary Industries today announced it had revoked export certificates for four consignments of lactoferrin made by Westland Milk after unacceptable levels of nitrates were …