Newly-released documents show the government forced KiwiRail to backtrack on its decision to ditch the electric locomotives on the North Island’s main trunk line.

New Zealand King Salmon Investments’ first half profits are down on flat sales, but in line with its expectations.

Fonterra has raised its forecast milk payments to dairy farmers because of a lift in world prices.

The airline’s half year profit has tumbled because of high fuel costs, slower passenger growth and problems with its Boeing 787-9 Dreamliner aircraft.

In today’s business news – The annual trade deficit blows out, NZ Oil and Gas posts a half year loss and Methven’s takeover is a few steps closer.

It’s a tale of differing fortunes for two of New Zealand’s produce companies.

Tradies owed millions of dollars from failed construction company Mainzeal aren’t convinced they’ll ever see a single cent.

The power company’s first half year net profit is up 78 percent as it had a smaller fall in the value of its power stations.

Trade Me has made a smaller first half profit on record high revenue.

The rural services company’s first half profit has all but disappeared as it faced higher costs and a large loss from a business it’s now selling.