Moa Group is the worst performing stock on New Zealand’s benchmark index, dropping to a record low, after the boutique beer maker said it will miss its 2014 sales forecasts as volumes sold in New Zealand and Australia lag expectations. Shares in Moa slumped as low as low 80 cents, and recently traded at 85 cents, dropped 28 percent on …

Summerset Group, New Zealand’s third-largest listed retirement village operator, almost tripled first half profit as it sold more occupation rights and the value of its investment property more than doubled. The company’s net profit rose 174 percent to $10.8 million in the six months ended June 30, as revenue rose 16 percent, Wellington-based Summerset said in a statement. The shares …

China’s Bright Food Group, a cornerstone stake in local processor Synlait Milk, is likely to get a boost from Fonterra Cooperative Group’s food scare and might get a credit rating upgrade from Moody’s Investors Service. home sharing not working Fonterra is the biggest milk powder supplier into China with about 60 percent market share, and last week’s food safety scare …