Shares in Metlifecare surged, making it the best performer on the NZX 50 benchmark index today, on optimism new cornerstone shareholders Infratil and the New Zealand Superannuation Fund will add value to the retirement village developer and operator. Infrastructure investor Infratil and the NZ Super Fund, who previously worked together on Z Energy, both plan to hold a 19.9 percent …

Shares in private hospital group Acurity Health jumped to an 11-month high in early trading today as almost 3.3 percent of the company’s shares on issue changed hands. The stock climbed 36 percent $5.50, the highest since November last year, on turnover of about $3.3 million. That’s a 3 percent premium to Acurity’s net tangible assets, valued at $5.34 according …

New Zealand’s central bank is expected to keep interest rates on hold next week as new lending restrictions and a higher New Zealand dollar take some pressure off the need to hike early next year in the face of a resurgent local economy. The Reserve Bank will keep the benchmark interest rate at a record low 2.5 percent when it …