New Zealand’s terms of trade rose for the first time in seven quarters, led by higher export prices for dairy products while a strong kiwi dollar helped constrain import prices. The terms of trade, a measure how much imports can be funded with a fixed amount of exports, rose 4.1 percent in the first quarter from three months earlier, according …

AWF Group managing director Simon Hull and his family interests have sold down their stake in the contract labour firm at a 7.9 percent discount in a bid to boost liquidity in the stock and attract institutional investors. Hull sold 2.5 million shares at $2.90 apiece, for some $7.25 million, in off-market transactions placed by Craigs Investment Partners, the company …

Metlifecare, the retirement village operator and developer, raised $70 million at an 8.3 percent discount in a placement to institutional investors after yesterday’s bookbuild process was completed. Some $22.6 million shares were sold at $3.10 apiece after the bookbuild, which set the price, having been halted at $3.38 before the sale. Metlifecare plans to raise a further $10 million in …