Auckland house prices rose for a third month in July as listings and sales jumped, according to Barfoot & Thompson, the city’s biggest realtor. The average sale price rose 0.7 percent to $654,379 last month, adding to a 0.8 percent gain in June, the firm said. The median price fell to $585,000 from $590,000. A shortage of new homes in …

Property for Industry, which doubled in size following a merger, posted an 8.8 percent increase in first-half rental income and said profit was lifted by non-cash valuation changes and a smaller tax bill. Profit rose to $11.87 million in the six months ended June 30, from $7 million a year earlier, the Auckland-based company said in a statement. Sales rose …

Synlait Milk, the Rakaia-based milk processor which listed last month, says its infant formula products haven’t been caught up in Fonterra Cooperative Group’s botulism scare, and doesn’t expect any long-term impact on its own business. non prescription cialis The company hasn’t used any whey protein concentrate WPC80 that has been recalled by Fonterra and the Ministry for Primary Industries, though …