Air New Zealand, the national carrier, agreed to pay $7.5 million to settle a long-running dispute with the antitrust regulator on alleged agreements with other airlines on fuel and security surcharges on air cargo. The Auckland-based airline is the last of 11 carriers to settle with the Commerce Commission on the air cargo cartel case, and faces the biggest penalty …

TeamTalk, the owner of the CityLink fibre-optic broadband service, cut earnings guidance for a second time and is reviewing its management structure to try to bed in its Farmside Group acquisition. The Wellington-based company expects second-half earnings before interest, tax depreciation and amortisation a “little lower” than $5.14 million, having previously flagged a “modest lift,” it said in a statement. …

Cooks Food Group, a shell company whose shares haven’t traded the past four months, agreed to buy the franchise rights for Esquires Coffee Houses in many parts of the world. Cooks, which aims to become a global retail and supply chain business aligned with Esquires, agreed to pay Esquires founders Stuart and Lewis Deeks $300,000 in cash and an undisclosed …