Xero closes in on maiden profit with positive annual earnings; stock rises to record
By Paul McBeth May 10 (BusinessDesk) - Xero is closing in on generating a maiden profit after delivering its first positive operating earnings with wider gross margins and continued subscriber growth in a year that saw founder Rod Drury step back from the day-to-day business. ...
NZ dollar edges higher ahead of RBNZ policy review under new governor Orr
By Paul McBeth May 10 (BusinessDesk) - The New Zealand dollar rose from a four-month low ahead of Reserve Bank governor Adrian Orr's first monetary policy statement, which is under close scrutiny for any deviation from the previous leadership. The kiwi gained to 69.81 US c...
Treasury still feeling its way on govt's 'wellbeing' framework, investment statement shows
By Paul McBeth May 9 (BusinessDesk) - The Treasury is still feeling its way on the government's 'wellbeing' framework and says getting departments to adopt and meaningfully understand the regime will be a multi-year task. The government's financial adviser released the fou...
Vector chair Michael Stiassny won't seek re-election after losing Entrust support
By Paul McBeth May 9 (BusinessDesk) - Vector chair Michael Stiassny says he won't seek re-election at this year's annual meeting because he no longer has the support of controlling shareholder Entrust Trustees, which owns 75.1 percent of Vector and represents its electricity n...
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