State-owned Solid Energy struggled to find a new chairman when John Palmer announced his intention to leave early last June, because of the parlous state of the business, Treasury papers show. “The current position of the company is also adding complexity to the process of appointing a new chair of the Solid Energy board,” Treasury commercial transactions group manager Chris …

New Zealand visitor arrivals climbed 9 percent last month as Chinese visitors more than doubled from a year ago amid celebrations of the Lunar New Year. Short-term visitor arrivals rose to a seasonally adjusted 223,410 in February from 204,950 a year earlier, according to Statistics New Zealand. The number of Chinese visitors rose 106 percent to 208,704, and arrivals from …

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 …