Heartland New Zealand director Gary Leech will retire from the lender’s board next month, after three years on the board including when the bank formed after the merger of Canterbury and Southern Cross building societies and Marac Finance. Leech will retire from the Christchurch-based lender at its annual general meeting on Oct. 31 as he looks to focus on his recent appointment to the …

Sealord, New Zealand’s second-largest fishing company, says it needs to downsize its Nelson wetfish processing plant and may eliminate 97 jobs in the face of rising costs, flat prices and a still-strong kiwi dollar. “In its current form, the wetfish factory is not economically viable, and we need to make improvements now to ensure Sealord’s ability to grow and invest in …

The Inland Revenue Department will appeal a High Court decison which found in favour of Vector over a $53 million payment relating to the Auckland electricity and gas network operator’s access rights to its Auckland CBD tunnel. Last month, Justice John Faire the High Court in Auckland’s declared payments made by national grid operator Transpower in relation to the underground tunnel, known as NSTC, …