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 …

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 …