Shares of telecommunications infrastructure owner Chorus bounced 5.9 percent when trading opened on the NZX this morning after Communications Minister Amy Adams announced a new way forward on the vexed issue of regulated pricing for copper network services. By mid-morning, Chorus shares were at $3.07, above their listing price of $2.94 in November 2011 for the first time since March. …

Abano Healthcare, which last week reported a 75 percent jump in annual profit, faces a takeover bid after turning down an offer north of its current $100.2 million market price from an unnamed party alongside director Peter Hutson. The Auckland-based company received and rejected an unsolicited non-binding indicative offer from a third party seeking to invest and operate in the …

The New Zealand dollar recovered more ground as fears of weaker exports and lower payouts to farmers receded following a food contamination scare at Fonterra Cooperative Group, the nation’s largest company. The kiwi rose to 78.98 US cents at 8am in Wellington from 78.51 cents at the 5pm market close. The trade-weighted index advanced to 74.67 from 74.37 yesterday. The …