The retailer said it would report a 4% decline in first-half profit but second quarter sales were up 3.5% at $191.7m.

The company owns and operates The Hub Hornby Shopping Centre in Christchurch.

Trading has been halted after a spike in the price. 

The shares have dropped about 20% since Third Age Health Services sought to liquidate a company with a similar name.

Business demand for credit was down 12% in July compared with July last year while mortgage applications were down 29%.

The mobile phone marketing company will continue to provide McDonald’s with its platform for a further five years.

All customers who were affected will be included in the legal action, unless they specifically opt out of it.

The Commerce Commission has cleared Fletcher Distribution to acquire six timber stores and a Hastings frame and truss plant

Novitas provides government-sponsored healthcare in 11 US states and Washington DC, under the Medicare program.

The company expects to be profitable by the fourth quarter of the March 2023 year.

With its business growing overseas, the company is eyeing up a UK listing.

The NZX is seeking feedback on numerous proposals – including introducing special purpose acquisition companies (SPACs) and dual-class share structures.