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 …

The New Zealand dollar dropped to its lowest in almost two weeks after strong labour market data in the US boosted expectations the Federal Reserve will starting pulling back its asset purchase programme as early as September. The kiwi slipped to 76.87 US cents from 77.05 cents in late New York trading Friday, when it touched an almost two-week low …