Summerset Group, the retirement village operator and developer, is on track to meet its build target this year, and sees growth opportunities in aged care services to complement its apartments and villas. The Wellington-based company is on track to deliver more than 200 retirement units and 70 more care beds this year, as it looks to reach an annual construction …

Wellington institutional broking firm Woodward Partners ranks the risks to MightyRiverPower of the Labour and Green parties’ new electricity policy as moderate, and far lower than many other risks the company faces. A research report from Woodward analyst Nick Lewis ranks the Labour-Greens policy 10th in a list of 16 risks faced by the state-owned power company, 49 percent of …

Australian & New Zealand Banking Group’s local unit lifted first-half profit 7 percent as it grew its loan book and booked smaller charges on bad loans. Net profit rose to $655 million in the six months ended March 31 from $615 million a year earlier, ANZ New Zealand said in a statement. Cash profit, which excludes unrealised movements in financial …