New Zealand's largest listed retirement village operator has had its application to build a huge new village in the Auckland suburb

New Zealand shares rose as investors reshuffled their portfolios following earnings season, with Warehouse Group and Ryman Healthcare up while Orion Health Group dropped.

NZ's biggest listed retirement village operator Ryman, has set up its own precast concrete factory, as delays hit one of its big building project.

New Zealand shares dipped for a second day in a row yesterday, led lower by A2 Milk Co and Steel & Tube Holdings while Fletcher Building rose on construction expectations.

Staff at NZ's biggest retirement village operator are getting a big floral makeover: "Eat your heart out, Air New Zealand!"

Ryman Healthcare posted another record full-year profit, rounding out 14 straight years of earnings growth as NZ's largest retirement village operator.

Ryman Healthcare posted a 23 per cent gain in first half profit.

More than 11 new retirement villages will need to be built annually to cater for our aging population.

Retirement giant Ryman Healthcare has released the first image of a $100 million North Shore village on a site where hundreds of people will live.

Ryman Healthcare plans to increase resident numbers by 70 per cent in the next five years in New Zealand and Australia as it also mulls an ASX listing.

The results of a probe into retirement village residents' complaints and disputes with their owners and managers will be revealed next month and could lead to a shake-up.

Ryman Healthcare posted a 24pc gain in annual profit to $241.9m as the value of its properties increased and revenue rose.

Ryman Healthcare has the green light for a $100 million Pukekohe retirement village for about 400 people south of Auckland.

Neighbours have failed to stop Ryman Healthcare getting consent for a $100 million-plus village between Greenlane and One Tree Hill.

New Zealand shares rose yesterday, heading back towards a record high after a two-day slide.

An excellent communicator albeit with a quietly confident manner, highly successful but without any arrogance, an affinity with those moving into quiet retirement but with a love of hard-rocking Shihad - Ryman Healthcare boss Simon Challies.

A neighbour is opposing a new Auckland Ryman Healthcare village, saying views will be blocked and roads jammed with traffic when hundreds of elderly people move in.

Ryman Healthcare's application to build a retirement village in Greenlane has drawn strong community reaction both for and against the $100 million-plus project.

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Vector has warned recently restored power users to expect to be 'dropped' from the system during peak times today, as a former chairman criticises the company.

Tropicana, one of the biggest privately owned blocks of land in inner Auckland, has been sold to retirement giant Ryman Healthcare.

Ryman Healthcare, the country's biggest listed retirement village operator and developer, has bought land in Wellington which it plans to turn into a boutique village.

Ryman Healthcare has secured a site for its second retirement village in Melbourne, which it expects to spend more than $100 million to build.

NZ shares rose yesterday, led by Goodman Property Trust, after the property investor said full-year net profit rose 72 per cent. Trade Me and Xero paced the gains while Ryman Healthcare fell ahead of reporting earnings today.