Peter Masfen, a long-term backer of Pacific Edge, has sold 10 million shares in the Dunedin-based bladder cancer detection test inventor, taking advantage of a price that reached a record high this week on progress in the US market. The PH Masfen Charitable Trust trimmed its holding to 5.4 percent from the 8.988 percent stake his interests last disclosed in …

Mainfreight, the international logistics firm, is warning its operating earnings will be flat for the full financial year, with the second half weaker than the first six months. The company’s earnings before interest, tax, depreciation and amortisation for the year to March 31, due for release May 29, would be roughly the same as last year’s $138 million, Mainfreight said …

The New Zealand economy grew at the fastest quarterly pace in three years in the tail-end of last year as demand for forestry exports underpinned gains in the primary sector. The kiwi dollar climbed on the figures. Gross domestic product grew 1.5 percent to $36.81 billion in the three months ended Dec. 31, from a 0.2 percent pace in the …