Xero to contain cash burn through 2016 as first-half loss widens, revenue climbs 71%
By Paul McBeth Nov. 5 (BusinessDesk) - Xero, the cloud-based accounting software developer which is foregoing profits to expand sales, posted a wider first-half loss even as revenue increased 71 percent, and said it wants to maintain the current annual cash burn through the re...
Z Energy lifts 1H earnings 15%, fattening margins while ceding market share
By Paul McBeth Nov. 5 (BusinessDesk) - Z Energy, the petrol station chain seeking to take over rival Chevron New Zealand, lifted first-half earnings 15 percent as it fattened its margins in a tightly contested market, ceding market share in the process. Replacement cost ope...
Nuplex says new business 'insulates' Russian unit from sanction-induced recession
By Paul McBeth Nov. 5 (BusinessDesk) - Nuplex Industries' push into Russia has got a new lease of life as three multinational companies look to open plants in the world's 10th largest economy, and as the Russian government tries to encourage local production in the face of rec...
NZ dollar drops as jobs growth stalls, dairy prices fall
By Paul McBeth Nov. 4 (BusinessDesk) - The New Zealand dollar fell after data showed jobs growth unexpectedly stalled and dairy prices fell at the latest GlobalDairyTrade auction, adding pressure to the Reserve Bank to cut interest rates when it next reviews the Official Cash...
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