Wellington, March 16 NZPA - A Sydney-based babywear company Bay Bee Cino has been placed in administration, just three years after undertaking a capital raising and unveiling plans to grow aggressively through franchising.

Wellington, March 15 NZPA - Sharebroker McDouall Stuart Securities Ltd says it wants to drop its status as a participant in trading and settlement on the NZ stock exchange (NZX) and instead has applied to become an NZX advisory firm, surrendering its right to trade.

Wellington, March 15 NZPA - Engineers are warning that the need to provide back up for intermittent wind-generated electricity is emerging as a significant concern for maintaining supply when hydro lakes are low in dry years.

Wellington, March 12 NZPA - Strategic Finance Ltd is in the hands of receivers, against the wishes of its board, which regards the move as destructive.

Wellington, March 12 NZPA - Fonterra says it is discussing with key customers its plans to stop making cheese at Longburn near Palmerston North, which will axe the jobs of 35 workers.

Wellington, March 12 NZPA - Retailer The Warehouse Group reported adjusted half year net profit edging ahead of last year while overall sales slipped slightly, and is expecting only gradual improvements in its market.

Wellington, March 12 NZPA - Fonterra plans to stop making cheese at its Longburn plant near Palmerston North, and says other jobs at the site will only be available for 15 of the 35 people being laid off.

Wellington, March 12 NZPA - Retailer The Warehouse Group is looking to raise $100 million in a fixed rate bond offer, with the funds being used to reduce existing bank debt and to finance the planned construction of new and replacement stores.

Wellington, March 11 NZPA - Businessmen Sam Morgan, Stephen Tindall and Rod Drury are part of "an early stage" venture to build a submarine fibre cable between Australia, New Zealand and the United States, with five times the capacity of the existing Southern Cross system.