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Auckland International Airport's purchase of 25% of the Queenstown airport for $28 million is probably an opportunistic acquisition, say Marcus Curley and Adrian Allbon at Goldman Sachs JB Were.
Fletcher Building has a good franchise with leverage to the New Zealand building recovery but investors should expect that recover to plateau for six months, says First NZ Capital analyst Kar Yue Yeo.
Finance Minister Bill English is talking down the size of the tax package for the May 20 Budget, saying Treasury analysis was finding a smaller contribution available from rental property tax changes than was estimated by the Tax Working Group.
Guinness Peat Group share slip as they post a worse than anticipated full year loss, AMP NZ Office Trust rises on promise of restructure and Ebos shares climb as it heads for record full year profit.
Goodman Fielder posted a 25% jump in first-half profit after cutting manufacturing and logistics costs and benefiting from more stable raw material prices.

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