Shares in SLI Systems, a website search operator, rose as much as 20 percent after listing on the NZX this morning, joining a slew of New Zealand companies going public in the face of resurgent demand for the returns available from equities. SLI, which provides online retailers with search tools, rose to NZ$1.80 on listing at 10.30 am, 30 cents …

Turners & Growers, the fruit marketer controlled by Germany’s BayWa Aktiengellschaft, has mopped up the 30 percent in specialist producer exporter Delica it doesn’t already own from managers for $25.8 million. Turners & Growers has been granted a waiver from having to hold a shareholder vote on the transaction after BayWa, with 73 percent and Bartel Holdings with about 12 …

Xero chairman Sam Knowles and chief operating officer Alastair Grigg cashed in some of their shares, which have more than tripled in price in the past 12 months, after a ‘black-out’ period ended when the accounting software-developer reported its annual result last week. Notices lodged with the stock exchange show Knowles, who was the founding chief executive of Kiwibank, sold …