The New Zealand gained against most of its major trading partners and was little changed against the greenback as investors seek out relatively safe places for their cash as the impact of the Cyprus bailout washes through the rest of Europe. The kiwi was little changed at 83.77 US cents at 5pm in Wellington from 83.81 cents at 8am and …

Shares in Hellaby Holdings fell 2.7 percent after the trading halt for a $40 million placement to institutional investors was lifted. The stock shed 9 cents to $3.20 after trading resume, keeping a 6.3 premium to the $3 placement price. A range of local institutional investors bought 13.33 million, and will also be eligible for the 5 cents per share …

Scott Technology, the industrial automation firm, lifted first-half profit 5.6 percent even as its sales dropped on the strength of the strong New Zealand dollar. Net profit rose to $2.2 million, or 6.2 cents per share, in the six months ended Feb. 28 from $2.1 million, or 5.7 cents, a year earlier, the Dunedin-based company said in a statement. Sales …