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Breaking news: Xero shares jump 21% after $147 million investment
Fintech

Breaking news: Xero shares jump 21% after $147 million investment

Xero's share price soars to a new high with a $147m boost from US investors, signalling strong future growth and new leadership in North America.

By Pattrick Smellie • 3 min read • Wed, 25th Feb 2015

Stories from Other Regions

Shares stories

NZOG says acceptances in Cue takeover lift holding to 27%, close to target
Shares

NZOG says acceptances in Cue takeover lift holding to 27%, close to target

New Zealand Oil and Gas said acceptances under its hostile takeover offer for ASX-listed Cue Energy Resources lift its interest in the target company.

By Pattrick Smellie • 3 min read • Fri, 13th Mar 2015
NZX, with legal bill of $4 mln and counting, shows no signs of caving in Clear Grain dispute
Management

NZX, with legal bill of $4 mln and counting, shows no signs of caving in Clear Grain dispute

NZX, the stock market operator, shows no signs of backing down in its dispute with the former owners of the Clear Grain Exchange, with a legal bill se.

By Pattrick Smellie • 3 min read • Tue, 10th Mar 2015
Serko says full-year revenue to miss forecast, warns on 2016 sales
Serko

Serko says full-year revenue to miss forecast, warns on 2016 sales

Serko, the online online travel booking business, warned annual revenue will miss its prospectus forecast by up to 6 percent as some billable services.

By Pattrick Smellie • 2 min read • Mon, 9th Mar 2015
UPDATE: Transport and logistics provider Fliway offering IPO at $1.20 to $1.40 per share
Capital

UPDATE: Transport and logistics provider Fliway offering IPO at $1.20 to $1.40 per share

Fliway Group, the transport and logistics provider behind the first float on the NZX this year, is hoping to raise between $27.

By Pattrick Smellie • 3 min read • Fri, 6th Mar 2015
Air NZ bins automatic travel insurance after warning from ComCom
Commerce Commission

Air NZ bins automatic travel insurance after warning from ComCom

Air New Zealand, the national carrier, will scrap its pre-selected travel insurance option after receiving a formal warning from the Commerce Commissi.

By Pattrick Smellie • 2 min read • Fri, 6th Mar 2015
Warehouse lowers annual profit, dividend forecast on weaker trading
Noel Leeming

Warehouse lowers annual profit, dividend forecast on weaker trading

Warehouse Group lowered its forecasts for annual profit and dividends after New Zealand's largest listed retailer posted weaker first-half earnings as.

By Pattrick Smellie • 2 min read • Fri, 6th Mar 2015
Seeka post-harvest shed destroyed in fire, earnings likely to be unaffected
Insurance

Seeka post-harvest shed destroyed in fire, earnings likely to be unaffected

Seeka Kiwifruit Industries, the country's biggest kiwifruit grower, doesn't expect earnings to be materially affected by a fire that destroyed a shed.

By Pattrick Smellie • 1 min read • Thu, 5th Mar 2015
Goodman to spend $28 million on three new developments
Shares

Goodman to spend $28 million on three new developments

Goodman Property Trust, New Zealand's largest listed property investor by market value, will spend $28 million on two new industrial plants and an off.

By Pattrick Smellie • 2 min read • Tue, 3rd Mar 2015
Pyne Gould posts first-half loss, writes down Perpetual receivable by $2.9 mln
Shares

Pyne Gould posts first-half loss, writes down Perpetual receivable by $2.9 mln

Pyne Gould Corp, whose 2014 accounts are being looked into by the market regulator, reported a first-half loss as it was hit with foreign exchange adj.

By Pattrick Smellie • 2 min read • Sat, 28th Feb 2015
Bathurst sinks into the red in first-half, still waiting for coal price to turn around
Shares

Bathurst sinks into the red in first-half, still waiting for coal price to turn around

Bathurst Resources, which last year wrote off the value of assets covered by its Buller coal project, posted a first-half loss as it continues to wait.

By Pattrick Smellie • 2 min read • Fri, 27th Feb 2015
Countdown boosts first-half earnings 2.9% amid cost cutting, higher volumes
Shares

Countdown boosts first-half earnings 2.9% amid cost cutting, higher volumes

Countdown, the New Zealand supermarket chain owned by Australian retailer Woolworths, increased first-half earnings.

By Pattrick Smellie • 2 min read • Fri, 27th Feb 2015
Marsden Maritime posts 5.7% gain in 1H profit, expects FY earnings in line with last year
Shares

Marsden Maritime posts 5.7% gain in 1H profit, expects FY earnings in line with last year

Marsden Maritime reports a solid 5.7% profit rise in H1, with full-year gains set to echo last year's figures amid steady cargo flow.

By Pattrick Smellie • 2 min read • Fri, 27th Feb 2015
Allied Farmers posts 1H profit, says uncertain dairy sales may weigh on 2H
Shares

Allied Farmers posts 1H profit, says uncertain dairy sales may weigh on 2H

Allied Farmers, which is rebuilding after taking over the failed Hanover and United Finance loan books, turned to a profit in the first-half.

By Pattrick Smellie • 3 min read • Fri, 27th Feb 2015
Fliway to raise up to $50 mln in first NZ IPO of the year
Supply Chain

Fliway to raise up to $50 mln in first NZ IPO of the year

Fliway Group, the transport and logistics group, will seek up to $50 million in New Zealand's first initial public offering of the year, with a sale e.

By Pattrick Smellie • 2 min read • Thu, 26th Feb 2015
Veritas 1H profit falls on acquisition costs; FY earnings to be at low end of guidance
Shares

Veritas 1H profit falls on acquisition costs; FY earnings to be at low end of guidance

Veritas Investments, the food and beverage investor, reported a 16 percent decline in first-half profit as acquisition costs mounted during a buying s.

By Pattrick Smellie • 3 min read • Thu, 26th Feb 2015
Intueri misses annual earnings forecast on New Zealand performance
Taxation

Intueri misses annual earnings forecast on New Zealand performance

Intueri Education Group, New Zealand's largest private training college, missed its annual earnings forecast as its New Zealand businesses lagged behi.

By Pattrick Smellie • 2 min read • Thu, 26th Feb 2015
Turners & Growers full-year profit falls 1.9% on processing, NZ trading losses
Shares

Turners & Growers full-year profit falls 1.9% on processing, NZ trading losses

Turners and Growers reports a 1.9% decline in full-year profit to NZD $16.6 million, attributing losses to processed foods and New Zealand trading pressures.

By Pattrick Smellie • 2 min read • Thu, 26th Feb 2015