Ryman Healthcare, the retirement village operator whose shares have jumped by more than a third this year, boosted annual profit 13 percent as increased sales of units lifted its fee income and as the value of its property portfolio continued to climb. Net profit rose to $136.7 million, or 27.5 cents per share, in the 12 months ended March 31, …

The New Zealand dollar strengthened against major currencies as investors take advantage of a dip in the kiwi to buy ahead of the government budget today. The kiwi rose to 82.36 US cents from 82.13 cents at 5 pm yesterday. The trade-weighted index gained to 77.48 from 77.13 yesterday. New Zealand’s currency has been trading under 82 US cents this …

Telecom, which is aiming to cut its workforce by as much as 16 percent this year, said annual earnings will be at the low end of guidance because of competition in fixed-line sales and a margin squeeze at its Gen-i unit. Adjusted earnings before interest, tax, depreciation and amortisation would be between $1.04 billion and $1.06 billion, the company said …