MightyRiverPower directors have taken advantage of the slide in the state-controlled power company’s price since its listing, buying up shares before trading restrictions for the board kick in at the end of the month. Shares in MRP were unchanged at $2.44 today, still below their $2.50 listing price, having shed almost 11 percent from the high it reached on its …

Mainfreight confirmed earnings growth stalled in its latest year, even as it achieved record sales, as the transport group struggles to bed down its European business in the face of a weak regional economy. Earnings before interest, tax, depreciation and amortisation fell 0.5 percent to $137.5 million in the 12 months ended March 31, in line with the company’s March …

Ebos Group, the healthcare and animal care products company, has agreed to buy Zuellig Group’s Australian pharmaceutical wholesaler and distributor, Symbion, in a $1.1 billion deal which will more than triple its annual revenues and make it a major player across Australasia. The Christchurch-based company will pay $367 million in cash and $498 million in scrip, while taking on $230 …