China's Bright Dairy will retain four seats on the eight-member Synlait Milk board, despite the likelihood it will lose its majority ownership status.

Sky TV has taken a big hit over the news of losing the rights to show English Premier League football to TVNZ and Coliseum EPL Management, but there appears to be division over the longer-term impact.

Europe's main stock markets rode out a rollercoaster session after heavy losses in Tokyo on investor fears of central banks pulling the plug on their extraordinary stimulus measures.

Shares in cloud-computing software company Xero hit a new high yesterday despite the NZX 50 index having another day in the red.

Shares in the newly-listed technology firm SLI Systems are up a further 25 per cent today.

Shares in the newest member of the NZX, SLI Systems, have jumped 18.67 per cent from its initial public offer price.

Fonterra says its opening forecast farmgate milk price had been set at $7.00 per kg of milk solids for the 2013/14 season - up $1.20.

In terms of time spent and where expertise sits, it is rational to leave the running of that business to the board and management, writes Susan Watson.

The US hedge fund manager renowned for shaking up Yahoo! has set his sights on Sony, proposing that the Japanese electronics giant spin off up to 20 per cent of its movie, television and music division

Mighty River Power stock may be in demand when it lists tomorrow from international buyers who are faced with low yields in their own markets.

Mighty River Power shares will cost $2.50 each, a price the Government says was hit by Labour and the Green's announcement of a controversial power policy.

Prime Minister John Key spoke to Fran O'Sullivan about Chinese investor interest in New Zealand following his official visit to China.