Hellaby Holdings, the diversified investment company, expects to proceed with at least one acquisition this financial year as it looks to further broaden its portfolio. The Auckland-based company has several potential acquisitions on the cards and is “optimistic that at least one will come to fruition during this financial year,” chief executive John Williamson told Hellaby shareholders at its annual meeting …

Summerset Group Holdings, New Zealand’s third-largest listed retirement village operator, said the first 14 homes in its $55 million New Plymouth retirement village will be completed next month, with residents expected to move in before Christmas. The Wellington-based company plans to build about 150 units on the 4-hectare Carrington Road site ranging from townhouses and villas to care apartments and rooms. …

The New Zealand dollar gained against the Japanese yen as improved US economic data bolstered sentiment on global growth, prompting investors to reduce holdings of safe haven currencies such as the yen. The kiwi rose to 84.73 yen at 8am in Wellington, from 84.15 yen at 5pm on Friday. The local currency was little changed at 79.22 US cents from …