Warehouse Group, New Zealand’s biggest listed retailer, will reap a pretax gain of between $14 million and $15 million from the sale of Silverdale Centre in Auckland after developing the shopping complex on land it had owned for almost two decades. Listed property investors DNZ Property Fund agreed to buy the fully-leased property for $78 million in a move that …

APN News & Media, the publisher of the New Zealand Herald newspaper has shaken up its management structure, leaving out head of digital Matt Crockett, who was reportedly in the running for the top job. The Sydney-based media group has made chief development officer Crockett, a former head of Telecom New Zealand’s wholesale unit, redundant and replaced regional media division …

Air New Zealand’s shares jumped 5.6 percent after the national carrier flagged its annual earnings will more than double this year. The Auckland-based airline expects normalised annual pre-tax earnings, which strips outs unrealised movements in derivatives used to hedge its exposures, to be between $235 million and $260 million in the 12 months ended June 30. That compares to the …