New Zealand shares fell, led by Summerset Group Holdings, as the prospect of new rivals weighed on listed retirement village operators. Stocks with regulatory pressure, such as Air New Zealand, Chorus and energy companies fell amid political uncertainty ahead of Saturday’s general election. The NZX 50 Index fell 21.075 points, or 0.4 percent, to 5189.785. Within the index, 31 stocks …

Warehouse Group faces a year of reckoning as investors await evidence that New Zealand’s largest listed retailer will get a return on the hundreds of millions of dollars spent overhauling stores and buying new businesses in the past couple of years. Under chief executive Mark Powell, Warehouse has outlaid $115.8 million in capital expenditure on its iconic ‘red shed’ general merchandise …

Seniors Money International, which sold its ‘home equity release’ mortgage business to Heartland New Zealand for $87 million this year, would sell the 9.4 percent stake it got in the lender as part payment once a 12-month lock-up ends for the shares. Auckland-based Seniors, which counts buyout firm Quadrant Private Equity as its biggest shareholder, got $47.3 million cash and 43 …