NZOG prowling for cheap assets as slide in oil price shakes out bargains
By Paul McBeth Jan. 29 (BusinessDesk) - New Zealand Oil & Gas is looking at several buying opportunities as plunging oil prices have flushed out sellers looking to restructure their portfolios. The Wellington-based energy exploration company is actively considering potentia...
Rakon shares drop as major network operators delay spending, prompting profit warning
By Paul McBeth Jan. 29 (BusinessDesk) - Rakon shares fell 6.7 percent after the high-tech components maker warned annual earnings will miss forecast because major network operators have delayed their spending on new equipment. Underlying earnings before interest, tax, depr...
NZ govt keeping in touch with digital transformation of workforce
By Paul McBeth Jan. 29 (BusinessDesk) - A global sea change in how digital technology is affecting the labour force has been picked up in New Zealand, according to global consultancy Accenture, whose latest report on the worldwide landscape shows firms are putting people at th...
Xero slows cash burn in December quarter as knuckle-down kicks in
By Paul McBeth Jan. 29 (BusinessDesk) - Xero slowed its quarterly cash burn in the final three months of 2015 as the cloud-based accounting software developer knuckles down on keeping a lid on spending. The Wellington-based company's operating cash outflow shrank to $6.5 mi...
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