The New Zealand unit of Australia’s GTL Energy posted a wider loss last year, reflecting its share of costs to develop Solid Energy’s now-idled Mataura briquette plant. GTL Energy (New Zealand) had a loss of $761,289 in the year ended June 30, from a loss of $205,431 a year earlier, according to its annual report. It garnered no revenue while …

The receiver for Bridgecorp has reached a deal with the former directors and insurer of the failed lender, which will boost the payout to investors by 4 cents in the dollar. PwC’s Colin McCloy reached an $18.9 million settlement over a civil claim against the directors that they had breached their duties under the Companies Act, he said in a …

New Zealand guest nights spent in short term commercial accommodation barely budged in January as an increase in hotel stays was offset by a drop for motels, backpacker and holiday park stays. Adjusted national guest nights, which strip out seasonal and irregular movements, rose 0.1 percent in January, after slipping 0.2 percent the previous month, according to Statistics New Zealand. …