Business
Finance
Kiwibank to ditch cheques in February 2020
By Nikki Mandow May 16 (BusinessDesk) - When Kiwibank CEO Steve Jurkovich stands up to address the Grey Power annual meeting next week, he might want to wear his bulletproof vest. That’s the advice from national president Mac Welch, reacting to today’s announcement from Kiw...
Primary Sector
New Zealand's current milk season looks good but not record breaking
By Rebecca Howard May 16 (BusinessDesk) - With just over a fortnight to go, the country's current milk season looks to have been a good - but not stellar - year for processors as dry weather at the tail end crimped production. Production was initially very strong on the b...
Infrastructure
ComCom says 5G build excluding Huawei could cost more
By Paul McBeth May 16 (BusinessDesk) - Excluding Chinese telecommunications firm Huawei Technologies risks driving up the cost of building a 5G mobile network and undermining competition in its development, according to a draft mobile market study. Spark New Zealand had pl...
Markets
Xero reports positive free cash flow for 2019, loses $27.1M
By Jenny Ruth May 16 (BusinessDesk) - Accounting software company Xero widened its annual loss while growing operating revenue 36 percent and subscriber numbers by 31 percent. Xero reported a $27.1 million net loss for the 12 months ended March, up from the previous year’s...
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