Xero's curate's egg first-half result cheered by investors

Jenny Ruth
Fri, 08 Nov 2019

Investors' response to Xero's first-half results was unambiguously positive despite it being a bit of a curate's egg.Xero shares, which trade only on the ASX, rose as high as a record A$74.54, up 10.4 percent from A$67.50 on Wednesday, before easing to close at A$73.95. The shares are more than 82 percent higher than a year ago.The good bits in the accounting software company's results include the overall 30 percent rise in subscribers to 2.057 million, particularly the 51 percent rise in UK subscriber numbers to 536,000, the fact that it repor...
Finance
Fonterra appears to have seen the error of its ways on bill paying
Jenny Ruth | Thu, 04 Jun 2020

Fonterra appears to have seen the error of its ways when it come to paying its bills, if Small Business Minister Stuart Nash is to be believed.

Economy
Tourism Holdings shares jump as Waitomo gets govt subsidy
Dan Brunskill | Thu, 04 Jun 2020

Tourism Holdings shares jumped after its Discover Waitomo business was named as one of the first recipients of the government's $400 million tourism support fund. The Waitomo caves operation will r...

Infrastructure
NZOG seeking acquisitions, won't raise capital
Gavin Evans | Thu, 04 Jun 2020

New Zealand Oil & Gas said it is actively seeking acquisitions of a scale that won’t require it to raise additional capital. The firm said its strong balance sheet, and its weighting to gas rather...

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Telcos in lockdown, and beyond

Geoff Thorn, CEO, NZ Telecommunications Forum says modern connectivity was a major benefit during lockdown, so it’s important to ensure long term sustainability of the networks