Xero rival Intuit posts rapid UK subscriber growth
Infrastructure

Xero rival Intuit posts rapid UK subscriber growth

Accounting software firm Intuit's latest numbers suggest it may have overtaken arch-rival Xero in Britain and that it is growing fast in countries Xero has yet to target.But an analyst is warning today's data should be treated with caution because of the differing reporting dates...

Jenny Ruth 04 Oct 2019
Punakaiki founder sees most of govt's $300m VC funds going to foreigners
Finance

Punakaiki founder sees most of govt's $300m VC funds going to foreigners

The founder of one of New Zealand's most successful venture capital firms believes his firm won't qualify for funding from the government's $300 million Venture Capital Fund and that most of the money is likely to go to overseas firms. Lance Wiggs, who manages the $50 million...

Jenny Ruth 04 Oct 2019
FEATURE: Court of Appeal judgment further opens class action gates
Law & Regulation

FEATURE: Court of Appeal judgment further opens class action gates

The Court of Appeal's landmark Southern Response may not unleash an avalanche of class action lawsuits, but that shouldn't diminish the significance of the decision handed down last month. The Court of Appeal has decided to allow "opt-out" class action suits, rather than the "...

Jenny Ruth 04 Oct 2019
MARKET CLOSE: NZ shares fall on growth fears, trade war expansion
Markets

MARKET CLOSE: NZ shares fall on growth fears, trade war expansion

New Zealand shares continued to decline in the wake of data suggesting the US economy is slowing and after the US threatened to open another front in its trade war, this time with Europe. The benchmark S&P/NZX 50 Index fell 130.43 points, or 1.2 percent, to 10,821.21. Within t...

Jenny Ruth 03 Oct 2019