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SkyCity agrees Darwin casino sale for A$188 mln
By Gavin Evans Nov. 8 (BusinessDesk) - SkyCity Entertainment has agreed to sell its Darwin casino for A$188 million to US-based Delaware North as part of a plan to free up capital and focus on its more profitable Auckland and Adelaide operations. The sale price is about A$8...
Xero operating cash-burn drops sharply in first-half earnings
By Pattrick Smellie Nov. 8 (BusinessDesk) - Cloud accounting software provider Xero has continued its relentless march towards cashflow break-even in its first half result. But the company isn't yet talking about when it might achieve bottom-line profit. Cash-burn on operat...
Fonterra's under-performance since creation 'unambiguous': Shareholders' Council
By Pattrick Smellie Nov. 8 (BusinessDesk) - Independent financial analysis of Fonterra since its creation in 2001 shows an "unambiguous" pattern of commercial under-performance, says Fonterra Shareholders' Council chairman Duncan Coull. The council lodged a report at today's a...
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