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 …

New Zealand Oil & Gas chairman Peter Griffiths has thrown his support behind legislative moves to make directors liable if the companies they govern fail to meet health and safety obligations. The Ministry of Business, Innovation and Employment and the Institute of Directors yesterday released health and safety governance guidelines for directors outlining best practice and advice for company boards. …