Equities on Wall Street and in Europe gained as investors awaited the unofficial start of the US second-quarter earnings season with the results of Alcoa due after the close of the American markets. The aluminum producer is expected to report earnings of 6 US cents per share on revenue of US$5.83 billion, according to Reuters. Alcoa shares were last up …

Synlait Milk will sell shares at $2.20 apiece before joining the NZX later this month, valuing the dairy processor at $322 million and making it the 43rd biggest company on the exchange. The Rakaia-based company plans to raise $75 million of new capital, and existing shareholders will sell $38.7 million, or 17.6 million shares, in a secondary offer, listing on …

Kura, the owner of fishing group Sealord, has scotched a media report that its Japanese investor is looking to exit the business after profits tumbled last year on a charge against an Argentinian venture. Tokyo-based Nippon Suisan Kaisha, which owns half of Kura, is trying to exit the business after taking over Sealord’s lucrative European marketing arm, Fairfax media reported …