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Xero widens first-half loss, concedes US did not execute to plan
By Suze Metherell Nov. 20 (BusinessDesk) - Xero, the cloud-based accounting software firm, widened its first-half loss after spending more on staff and marketing. The Wellington-based company's loss swelled to $24.5 million in the six months ended Sept. 30, from a loss of...
NPT first-half operating earnings rise 14% on increased rental base
Nov. 20 (BusinessDesk) - NPT, the listed property investor, reported a 14 percent increase in first-half operating profit as rental income was swelled by new properties including Auckland shopping precinct The Roskill Centre. Operating earnings before one-time items rose to $3...
Progressive boss warns NZ politicians about misusing Parliamentary privilege after supermarket inquiry ends
By Fiona Rotherham Nov. 20 (BusinessDesk) - Progressive Enterprises managing director Dave Chambers said New Zealand politicians need to be careful about allegations made under Parliamentary privilege which could prove damaging to businesses. His comment follows the Commerc...
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