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UPDATE: Ebos shares hit record on promise of increased earnings
(Updating to add share price reaction in lead, 7th par) By Jenny Ruth Aug. 22 (BusinessDesk) - Ebos shares hit a record after it promised “a significant increase” in earnings this year following a flat result for the year ended June. Annual net profit rose to $137.7 mill...
Jenny Ruth: ANALYSIS: Another new head for Xero's American dream
By Jenny Ruth Aug. 22 (BusinessDesk) - Xero has a fraught history of trying to suss out success in North America with what has sometimes had all the hallmarks of an executive revolving door. The company’s slow progress in the US has also long been a disappointment to analys...
Jetstar losing money on regional NZ services, watching market 'closely'
By Pattrick Smellie Aug. 22 (BusinessDesk) - Budget carrier Jetstar is "loss-making" on its regional services in New Zealand and "market conditions are being monitored closely," parent company Qantas told investors today. Regional flights are defined on the Jetstar NZ websi...
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