Sky TV unaware its igloo partner was about to jump into bed with startup | Shares slump as deal lays bare new media threat.

Xero gains 1.2% to a record-high $15.99 | Wynyard Group is priced near the bottom end of an indicative range of $1.10 to $1.65 in its bookbuild.

The greenback has been rallying in recent months amid speculation the central bank will start unwinding its stimulus.

Labour's David Parker doesn't want government officials threatened with defamation suits from deep-pocketed people.

The impact of drought in the first quarter is likely to start showing up in the second quarter, while imports are expected to resume their advance.