New Zealand shares rose, led Pumpkin Patch as the retailer clawed back a small portion of this year’s 34 percent slide, while Diligent Board Member Services rose after telling the NZX yesterday that it knew of no reason for its recent slide. The NZX 50 Index rose 2.425 points, or 0.1 percent, to 4578.97. Within the index, 26 stocks rose, …

Property for Industry shares have gained to the highest in almost six years and the volume of trading is at an eight-year high as investors prepare for the specialist industrial property company’s elevation in the NZX 50 Index after its merger with Direct Property Fund. The merger almost doubled the enlarged group’s shares on issue to 412 million and increased …

Conservation Minister Dr Nick Smith has rejected a proposal to build a $180 million tunnel in Fiordland and Mt Aspiring National Parks by a company aiming to halve travel times for the 420,000 people that visit Milford Sound each year. The five-metre diameter, 11.3-kilometre long, one-lane bus tunnel was proposed by Milford Dart Limited to run between the Dart Valley, …