Auckland Airport seeks $100 mln in bond issue, replacing upcoming maturity
By Paul McBeth Nov. 2 (BusinessDesk) - Auckland International Airport, the country's biggest gateway, wants to raise $100 million through a seven-year bond issue, a week after lifting plans for capital expenditure, and as another debt issue nears maturity. The Auckland-base...
NZ dollar largely unchanged this week as traders weigh up domestic, global outlook
By Paul McBeth Oct. 30 (BusinessDesk) - The New Zealand dollar is heading into the end of the week largely unchanged against the greenback after the Federal Reserve's move to keep open a potential rate hike was offset by improving economic data and a local central bank happy t...
Xero slows cash burn in September quarter as customer receipts jump 73%
By Paul McBeth Oct. 30 (BusinessDesk) - Xero, the cloud-based accounting software developer, slowed its quarterly cash burn in the July-to-September period as customer receipts rose at a faster pace than its wage costs. The Wellington-based company's operating cash outflow...
Briscoe lifts third-quarter sales 7.1%, expects to increase annual profit again
By Paul McBeth Oct. 30 (BusinessDesk) - Briscoe Group, whose hostile takeover of Kathmandu Holdings was spurned earlier this year, lifted third-quarter sales 7.1 percent, with bigger gains in its sporting goods stores, and anticipates increasing annual profit for a seventh yea...
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