Shares of Fisher & Paykel Healthcare, which has lifted its full-year guidance three times, rose to a two-year high after brokerage First NZ Capital raised its rating to “outperform” from “neutral”, citing prospects for better growth and higher margins. F&P Healthcare shares rose as high as $3.05, the highest level since May 23, 2011, when it touched $3.10. It was …

Renaissance Corp, the retailer of Apple products and design school operator, turned to a first-half loss on disappointing sales, shrinking margins and an impairment charge at its Yoobee stores. The net loss was $3.1 million in the six months ended March 31, from a profit of $1.96 million a year earlier. Sales fell to $24.7 million from $77 million a …

Independent research commissioned by would-be undersea phosphate miner Chatham Rock Phosphate has raised the company’s share price to a target value of $2 from $1.87 last September as the timetable firms for mining from early 2015. The latest analysis from Edison Investment Research suggests CRP is overcoming technical hurdles, its dredging partner may be able to retro-fit an existing ship …