Frucor Beverages, whose parent Suntory Beverage & Food debuted on the Tokyo Stock Exchange last week, posted a 31 percent decline in annual profit as costs rose and sales fell. The New Zealand bottler of Gatorade, V, Just Juice, h2go and Pepsi soft drinks reported a profit of $22.6 million in calendar 2012, down from $32.8 million a year earlier. …

Summerset Group, New Zealand’s third-largest listed retirement village operator and developer, sold 23 percent more occupation rights in the second quarter than the year-earlier period. Wellington-based Summerset sold 100 occupation rights in the second quarter, up from 81 in the same quarter last year, the company said. Of those, new sales of occupation rights rose 16 percent to 52, while …

Meridian Energy executives are heading into a round of briefings with institutional investors this week in what the NZ Herald reports is a “pre-sale roadshow” for the partial privatisation of the largest state-owned power company. The roadshow is all part of the choreography to keep momentum in a process that still faces some big hurdles if a sale of up …