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South Port posts record annual profit as stock food, logs drive cargo
By Paul McBeth Aug. 20 (BusinessDesk) - South Port New Zealand, the Bluff port operator, lifted annual profit 2.7 percent to a record as increased volumes of stock food and logs drove cargo growth. Net profit rose to $6.68 million, or 25.5 cents per share, in the 12 months...
Deutsche Bank rates Xero a 'sell' with target price of $18.90/share
By Suze Metherell Aug. 20 (BusinessDesk) - Shares of Xero, the cloud-based accounting software firm, are overvalued on US growth prospects and have been rated a 'sell' by Deutsche Bank as it initiates coverage of the company. The investment bank, which part owns Craigs Inv...
Partial post-Hager poll shows National holding steady
By Pattrick Smellie Aug. 20 (BusinessDesk) - The first poll to test voter reaction to last week's publication of the "Dirty Politics" book shows the government maintaining its lead over the Labour Party, rising 2 percentage points to 48 percent, while Labour has dropped 2.5 pe...
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