Hellaby Holdings, whose interests range from footwear to oil and gas services, said full-year profit may rise 35 percent on improved performance of four of its five divisions, although footwear continues to lag behind and Contract Resources undershot its forecast. The shares fell. Profit is expected to be about $25 million in the year ending June 30, from $18.2 million …

Shares in Pacific Edge gained 4 percent after the biotech company said it had signed a deal with US healthcare provider MultiPlan for the use of its non-invasive bladder cancer test, Cxbladder. The contract is the largest of the four US healthcare provider Pacific Edge has signed up since October last year, with MultiPlan a preferred provider organisation securing cheaper health rates for insurers for more than 900,000 …

Wellington International Airport, which is two thirds owned by Infratil, boosted full-year profit by 44 percent while keeping returns within the range prescribed by regulations. Net profit for the year ending March 31 was $23.5 million, up from $16.2 million a year earlier, the airport said in a statement. Sales rose 4.4 percent to $110.9 million, while its return on aeronautical assets …

Two Degrees Mobile, which broke New Zealand’s mobile phone duopoly when entered the market in 2009, has largely made inroads into low-value prepay customers, but has struggled to attract more lucrative corporate clients, according to the Commerce Commission’s latest sector review. At the end of June last year, the Auckland-based company had a quarter of New Zealand’s 4.77 million mobile …

The New Zealand dollar touched a nine-week low against the yen and weakened against the greenback after dairy product prices extended their slide in the latest GlobalDairyTrade auction and traders awaited a meeting of the Bank of Japan. The kiwi touched 86.59 yen early this morning, its lowest since March 17, and was trading at 86.83 yen at 9:55am in Wellington, from 87.46 …

Abano Healthcare, the medical investor embroiled in a dispute with its biggest shareholder, said full-year profit will rise at least 60 percent and urged shareholders to support chairman Trevor Janes at a special meeting that seeks to have him dumped. In a letter to shareholders signed by the remaining five board members they describe a “misleading communications campaign” by dissident …

Ryman Healthcare, which last week reported a 43 percent boost in annual profit, has secured a site for its second retirement village in Melbourne, which it expects to spend more than $100 million to build. The Christchurch-based company purchased a 5.5 hectare property in Melbourne’s eastern suburbs from the Victorian government as part of the state’s surplus land programme, it …

A company seeking permission to mine ironsands off the coast of Patea in New Zealand’s Exclusive Economic Zone says it is “confident” the project “can proceed.” The statement from Trans-Tasman Resources follows today’s formal closing of the marine consent hearings by the Decision-Making Committee appointed by the Environmental Protection Authority to consider the application. The DMC unexpectedly adjourned rather than …

New Zealand shares fell, paced by companies with exposure to a weaker Australian economy such as SkyCity Entertainment Group, Kathmandu Holdings and Michael Hill International. Trade Me Group slid after an analyst downgraded the stock. The NZX 50 Index fell 18.409 points, or 0.4 percent, to 5167.780. Within the index, 24 shares fell, 15 rose and 11 were unchanged. Turnover …

The Hawke’s Bay’s Ruataniwha Water Storage Scheme has been dealt another blow after the South Island’s Ngai Tahu followed Trustpower in withdrawing from the irrigation project. The proposed development is part of the wider Tukituki Catchment Proposal that was granted resource consents by a Board of Inquiry last month. However, the board imposed more stringent conditions on run-off into waterways …