Trustpower is expecting an after-tax uplift in earnings of A$19.9 million within two years from stage two of its South Australian Snowtown wind project. In slides for an investor briefing in Sydney posted to the NZX, 51.1 percent Infratil-owned Trustpower says it is projecting a contribution of A$14.7 million to net profit after tax in the 2015 financial year and …

Belgrave Finance legal adviser Hugh Hamilton, a former mayor of Central Hawke’s Bay, has been convicted of 14 charges over the lender’s 2008 collapse, and faces up to seven years in jail. In the High Court in Auckland today, Hamilton was found guilty of 14 Crimes Act charges of theft by a person in a special relationship, the Serious Fraud …

Shares in Ryman Healthcare weakened for a second day on the expectation New Zealand’s largest listed retirement village operator will post slower earnings growth in coming years as its costs increase. Christchurch-based Ryman yesterday posted an 18 percent rise in underlying earnings to $118.2 million for the year ended March 31. Increased costs from adding staff and boosting wages for its …