An MPI report shows 2018 forestry sales at a record high and international reports show China’s taking more lumber from New Zealand.

Receivers of failed construction firm Ebert are struggling to recoup $15 million owed to it, meaning subcontractors are unlikely to be paid.

Utilities investor Infratil is selling its half stake in an Australian student accommodation venture, which has failed to deliver hoped-for growth prospects.

In today’s business news – Slingshot is warned by the Commerce Commission over a discount on broadband and Business New Zealand’s economic outlook is bleak.

Hallenstein-Glassons has lifted sales and profit amidst difficult summer trading conditions here and across the Tasman.

Consumer confidence is holding up despite growing concern about the economic outlook.

Mr Fellet, the company’s former chief executive, will step down from the board, following other executives out the door.

Air New Zealand is delaying the purchase of $750m new aircraft and adding new routes to its network, to cut costs and make more money.

Administration and legal fees for the failed insurance firm CBL Corporation have topped $4 million so far, eating away at any funds left for creditors.

Power company Mercury has announced plans to spend $256 million to erect 33 wind turbines near Palmerston North.