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Govt fund takes A$1m stake in Thinxtra
New Zealand Green Investment Finance has invested A$1 million in Thinxtra to encourage local firms to deploy the internet-of-things technology to reduce costs and emissions. The investment, the bank’s second, is an “enabler” and should encourage more use of the technology, whi...
Services
Westpac won't pay a first-half dividend, ANZ decision still pending
Westpac Banking Corp has decided it won't pay a first-half dividend despite assuring investors that its balance sheet is strong. "Given the desire to retain a strong balance sheet and the ongoing uncertainty in the operating environment, the board has now decided it is prudent...
Services
No plans to list on ASX, but Ryman may ask shareholders to reinvest divs
Ryman Healthcare is keen on pursuing growth across the Tasman but isn’t considering listing there, although it is mulling over whether to suggest shareholders might like to reinvest their dividends. That would be the first time Ryman has taken any money from shareholders since...
Services
Covid-19 slows Xero's subscriber growth dramatically
Xero's subscriber growth has slowed markedly in the first four months of its current financial year as the coronavirus took hold. The company's net subscriber growth in the four months ended July 31 was 96,000, taking total subscribers to 2.38 million, chief executive Steve Va...
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