Shares in Summerset Group climbed 0.9 percent to $2.28 after the retirement village operator and developer beat the sales forecasts published in its initial public offer document last year. The Wellington-based group sold 331 occupation rights for more than $100 million to village residents in the 2012 calendar year, from 231 sales and resales a year earlier, the company said …

Departing Satara Cooperative Group boss Tom Wilson has taken a stab at Zespri International’s brokerage fees at the expense of growers in his last update to shareholders. The Te Puke-based kiwifruit and avocado grower is still in talks with Zespri, which controls the nation’s kiwifruit exports, over its 6 percent brokerage rate on gross sale proceeds and 6 percent of …

The Commerce Commission has given itself an extra two months to consider competition issues raised by Vector’s proposed purchase of Contact Energy’s gas metering business, following submissions claiming the move will create a “virtual monopoly” in gas metering in Auckland.   While Vector’s application for clearance of the purchase by the competition watchdog attracted only two submissions, the commission has …