Average house prices in Auckland fell from a record high last month, snapping a three-month advance, as more properties came to market, according to Barfoot & Thomspon, the city’s biggest realtor. The average sale price fell about 0.5 percent to $643,089, having reached a record $645,928 in March, the firm said. The median price dipped 2.4 percent to $566,000 The …

Z Energy’s second full year of operation since its sale to local investors by Shell has produced a 13.1 percent lift in operating earnings, although sales have fallen as the transport fuels distributor cut out loss-making contracts and faced severe competition on petrol station forecourts. Earnings before interest, tax, depreciation, amortisation and changes in the value of financial instruments came …

NZX has signalled an end to its unconventional dividend policy, which has tied the stock market operator to stepped increases of not less than 1 cent a share since 2009. The Wellington-based company today declared a first-quarter dividend of 1.25 cents a share and expects to pay 5.6 cents for the year. That’s based on a dividend policy introduced in …