Golden Arches drive Plexure’s ‘unacceptable’ loss

Golden Arches drive Plexure’s ‘unacceptable’ loss
Despite Plexure's global deal with McDonald's, it struggles to make money. (Image: Getty)
Pattrick Smellie
Mobile phone marketing software developer Plexure reported a $24.1 million net loss for the year to March 31 as the company sought to turn around unprofitable service to its biggest customer, McDonald’s, under new leadership.“The legacy structure of the Plexure division has resulted in an unacceptable loss for the year,” said CEO Daniel Houden, who came to the company via the Australian company TASK, which Plexure bought in a shares and cash deal valued at $118m last September.“I will not accept the lack of profitability...

More Markets

Fast-food chain float could give Fonterra a steer
Finance

Brian Robins: Fast-food chain float could give Fonterra a steer

After a dearth of IPOs, all eyes are on Guzman y Gomez. 

NZ shares fall on economic fears
Markets Market close

NZ shares fall on economic fears

The S&P/NZX 50 index dropped 96.21 points, or 0.8%, to 11,671.19.

Paul McBeth 19 Jun 2024
Carbon auction gets zero bids
Markets

Carbon auction gets zero bids

There was no interest in the 4 million units on offer.

Ian Llewellyn 19 Jun 2024
$2.2m spent, no takeover for Rakon
Markets

$2.2m spent, no takeover for Rakon

Chip-maker fumbled the bag, research analyst says.