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UPDATED Summerset 1H profit almost triples as it sold more rights and land value doubled, shares gain
(Adds Rickey Ward’s comments in 3rd and 4th graph) By Tina Morrison Aug 13 (BusinessDesk) - Summerset Group, New Zealand's third-largest listed retirement village operator, almost tripled first half profit as it sold more occupation rights and the value of its investment prope...
Telecom unbundling key to regulator’s copper conundrum
By Paul McBeth Aug. 13 (BusinessDesk) - Telecom Corp’s dominance in the country’s retail broadband market and how it chooses to unbundle services on Chorus’ ageing copper network are central to the conundrum facing the Commerce Commission. The regulator has backed away from i...
NZ Energy Corp gets extension to complete Origin deal
Aug 13 (BusinessDesk) - New Zealand Energy Corp has gained a six week extension in its vexed efforts to complete the purchase of gas production assets it is buying from Origin Energy, in exchange for adding an extra C$1 million to the C$5 million non-refundable deposit it has al...
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