Postie Plus Group, the retailer whose shares have plunged 38 percent this year, is reeling from a wider first-half loss as it deals with major problems at its outsourced distribution centre, burning through cash in the process. The Auckland-based retailer made a net loss of $1.8 million, or 4.61 cents per share, in the six months ended Feb. 3, from …

he New Zealand dollar gained against the greenback and the euro as stronger-than-expected growth figures yesterday made the local economy a standout in a world of sluggish growth and data showed euro-zone manufacturing shrank further. The kiwi rose to 83.30 US cents from 82.73 cents at 5pm in Wellington yesterday. The trade-weighted index rose to 76.48 from 76.16. The New …

Stocks on both sides of the Atlantic fell as worse-than-expected euro zone manufacturing data bolstered concern its economic recovery might take longer than feared. The Markit Eurozone PMI Composite Output Index dropped to 46.5 in March, from 47.9 in February, according to the flash estimate. Flash Germany Manufacturing PMI dropped to 48.9 in March, a three-month low and down from …