Vital Healthcare Property Trust, New Zealand’s largest listed medical and healthcare property investor, plans to spend A$28 million to redevelop a hospital in Sydney and A$1.9 million to extend a hospital near Newcastle, to meet rising demand for healthcare services. Vital Healthcare plans to add new operating theatres, extend day surgery facilities, add new inpatient wards, convert shared rooms to …

New Zealand shares rose, pushing the NZX 50 Index to an all-time high, as Kathmandu’s record earnings prompted analysts to lift their estimates, and investors bought companies with reliable earnings and dividends including SkyCity Entertainment Group. The NZX 50 rose 54.136 points, or 1.1 percent, to 4764.723. Within the index, 22 stocks rose, 14 fell and 14 were unchanged. Turnover …

Fonterra Cooperative Group is promising a record payout to its farmers next year, while keeping dividends unchanged, underlining the competing needs of its suppliers and the investors in its exchange-traded units. Fonterra Shareholders’ Fund units ended the day up 0.4 percent to $7.10, having initially sold off after the world’s biggest dairy exporter posted its full-year results. Normalised earnings before …