Property for Industry managers to reap $42M payday in plan to take management inhouse
By Jonathan Underhill April 3 (BusinessDesk) - The managers of Property For Industry will reap a $42 million payday under a proposal for the industrial property investor to internalise the management contract, a deal Deloitte has deemed fair. Under the scheme, Greg Reidy, S...
NZ dollar holds below 70 US cents at start of week where US data may dominate
By Jonathan Underhill April 3 (BusinessDesk) - The New Zealand dollar was little changed below 70 US cents, having traded in a 1 US cent range for more than a fortnight, as it starts a week with little on the local calendar and the focus likely to be on US data. The kiwi tr...
NZ dollar sinks back to 70 US cents after US GDP, gains vs euro on weak inflation data
By Jonathan Underhill March 31 (BusinessDesk) - The New Zealand dollar fell against the greenback after US fourth-quarter gross domestic product was revised up and gained versus the euro after weaker than expected inflation data from Spain and Germany. The kiwi dollar decli...
Xero's million customer milestone confirms getting to breakeven is within sight
By Jonathan Underhill March 30 (BusinessDesk) - Xero, the cloud-based accounting software firm, says it reached a milestone of signing up 1 million customers just ahead of its March 31 year-end, keeping intact market expectations it will achieve its first-ever profit in 2019....
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