Metlifecare, New Zealand’s second-largest listed retirement village operator, is investigating building problems with an Auckland village it acquired as part of a merger with Private Life Care Holdings last year. The Auckland-based company flagged the building issue at its Links Apartments at Hibiscus Coast Village in its prospectus last week for listing on the Australian stock exchange, saying the cost …

Methven, the tapware maker, has confirmed the earnings recovery it flagged in July, posting a 21 percent jump in first-half profit on a pickup in trading in New Zealand and the UK. Profit rose to $2.8 million in the six months ended Sept. 30 from $2.3 million a year earlier, the Auckland-based company said in a statement. It didn’t provide …

Contact Energy shareholders hoping for news of a capital return or increased dividends got slim pickings from the company’s annual meeting in Christchurch, although chief executive Dennis Barnes had good news for customers, saying power prices were unlikely to rise anytime soon. Chairman Grant King told shareholders at last year’s annual meeting that an update on capital returns or dividend …