Traders think it is increasingly likely the NZ First leader will help form the next government.

NZ First leader Winston Peters is backing away from any suggestion of an improper relationship involving National minister Nick Smith and party official Bronwyn Pullar. Dr Smith calls press conference at 1.45 today.

Baker Paul Yarrow has been thwarted in his attempt to remove directors from his Australian companies following last minute action by receivers.

"The National Party, acting for political purposes, is using taxpayer resources to have a fight with a private citizen. This is abuse of power and it is also illegal,” Mr Peters says.

Winston Peters is “staying out of the business of government making before the election” – a statement seemingly at odds with his next promise that NZ First is “going into Opposition” after Saturday’s vote.