Invercargill is hoping the symbol of a giant letter ‘I’ will boost the city’s morale and help rejuvenate its struggling inner city businesses.

Industrial rubber goods manufacturer Skellerup has posted a higher full-year profit because of recovering commodity prices.

A profits collapse at Fletcher Building shows procurement in the construction sector needs to change, the New Zealand Council for Infrastructural Development says.

Customers wanting to send priority mail will have to use courier post instead, as letter volumes continue to decline.

The company’s combined cycle gas-fired plant at Stratford in Taranaki will now keep generating electricity for five more years.

Major project losses, delays and asset writedowns have savaged Fletcher Building’s profit and cost its former chief executive his job.

Butter and whole milk prices fell in the latest global dairy auction.

The oil and gas business has a strong future despite substantial divestment by the $35bn fund, the lead industry body says.

A Canadian-based engineering consultancy firm has made a $265 million takeover bid for local infrastructure company Opus International.

The New Zealand Superannuation Fund has sold shares in some of the world’s biggest companies to reduce exposure to firms emitting greenhouse gases.