By Pattrick SmellieNew Zealand shares fell after Chorus said profit growth stalled and chief executive Mark Ratcliffe will step down next year. Within the index 27 stocks fell, 15 rose and nine were unchanged. Chorus dropped 1.7 per cent to $4.55 after its full-year results, having risen to a record high $4.65 last week. Spark New Zealand fell 2.2 per cent to $3.84. Airwork Holdings was unchanged at $4.50 after the specialist aviation company delivered a 58 per cent boost in full-year profit to $24.6 million.

Source: New Zealand Herald August 29, 2016 09:33 UTC