Xero operating cash-burn drops sharply in first-half earnings
By Pattrick Smellie Nov. 8 (BusinessDesk) - Cloud accounting software provider Xero has continued its relentless march towards cashflow break-even in its first half result. But the company isn't yet talking about when it might achieve bottom-line profit. Cash-burn on operat...
Fonterra's under-performance since creation 'unambiguous': Shareholders' Council
By Pattrick Smellie Nov. 8 (BusinessDesk) - Independent financial analysis of Fonterra since its creation in 2001 shows an "unambiguous" pattern of commercial under-performance, says Fonterra Shareholders' Council chairman Duncan Coull. The council lodged a report at today's a...
New BusinessDesk hire named Business Journalist of the Year
By Pattrick Smellie Nov. 8 (BusinessDesk) - One of New Zealand's most experienced business journalists, Jenny Ruth, has been named Business Journalist of the Year in the New Zealand Shareholders' Association annual business journalism awards. Her groundbreaking coverage of...
Pushpay expects to break-even by year-end
By Pattrick Smellie Nov. 7 (BusinessDesk) - Digital church collection plate operator Pushpay says it expects to break-even for the first time in December this year and to post its first earnings before interest, tax, depreciation, amortisation and currency adjustments in the y...
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