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Microsoft NZ, HP NZ results highlight move to cloud services, waning demand for PCs
By Suze Metherell May 29 (BusinessDesk) - Microsoft New Zealand, the local arm of the world’s biggest software maker, lifted sales and profit last year while Hewlett Packard's local unit extended its losses, highlighting increased demand for cloud-based services and weaker sal...
Postie Plus shares placed in trading halt pending material announcment
By Tina Morrison May 29 (BusinessDesk) - Postie Plus, the worst performing stock on the New Zealand sharemarket the past year, had its shares placed on a trading halt pending a material announcement by the company. The Auckland-based retailer has previously said it expects...
NZ dollar slips below 85 US cents to lowest in more than two months
By Tina Morrison May 29 (BusinessDesk) - The New Zealand dollar fell below 85 US cents to its lowest in more than two months as sentiment waned following a drop in business confidence and a weaker forecast payout to dairy farmers from Fonterra Cooperative Group. The kiwi to...
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