The New Zealand dollar held near its lowest in more than three weeks heading into the Christmas break and was weaker against the Australian dollar while not moving outside its recent trading range. The kiwi was at 81.97 US cents from 82.05 cents at the start of the day and from 82.09 cents in New York on Friday. The currency …

Summerset Group, the retirement village operator whose shares have gained 47 percent in the past 12 months, named Scott Scoullar as chief financial officer, filling a vacancy left by Julian Cook, who has been promoted to chief executive. Scoullar joins Summerset from Housing New Zealand, where he has been CFO since early 2012, after filling the same role at the …

GuocoLeisure, the diversified investment company once known as Brierley Investments, plans to delist from the NZX, meaning its dwindling New Zealand shareholder base will have to use the Singapore Exchange in future. The Singapore-based company said New Zealanders now own just 4.2 percent of total shares on issue. So far in 2013, daily turnover on the NZX has been 22,567 …