Shares in Z Energy jumped 6.6 percent to near the top of its indicative price range in its NZX debut today, valuing the service station chain at $1.49 billion. The stock first traded at $3.73, up from its $3.50 initial public offering price, and recently traded at $3.71, a 6 percent premium to the IPO. The petrol station chain is …

NZX, the market operator, doubled annual profit as it benefited from new listings, a surge in trading activity and fees for running market operations, more than making up for a drought-impacted NZX Agri division. Profit rose to $6.4 million, or 2.51 cents a share, in the six months ended June 30, from $3.2 million, or 1.27 cents, a year earlier, …

Fonterra Cooperative Group, the world’s biggest dairy exporter, faces a 14 day temporary ban on selling products in Sri Lanka, and denies claims its products still contain traces of a nitrate inhibitor that sparked a food scare earlier this year. Three workers representing Sri Lanka’s National Health Services Union have won a temporary injunction to stop the Auckland-based company from …