Stories by Pattrick
![Story image](../../../../../uploads/story/2015/08/27/preview_vodafones.webp)
Vodafone NZ reports $121 million annual loss
Thu, 27th Aug 2015
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telco
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telstra
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nz
Falling revenue and a final year of substantial costs for integrating with the Telstra Clear business saw Vodafone NZ turn in a loss of $120.7m.
![Story image](../../../../../uploads/story/2015/08/27/preview_decline.webp)
TeamTalk annual earnings slump 53% in 'tough year'
Thu, 27th Aug 2015
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fintechs
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wellington
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telco
In a challenging year, TeamTalk's annual profits plummet 53% amid falling sales despite their optimistic outlook for the future.
![Story image](../../../../../uploads/story/2015/08/25/preview_wynyard_stock.webp)
Wynyard 1H loss widens as sales climb 39%, says stock price doesn't reflect value
Tue, 25th Aug 2015
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wynyard group
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ipo
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sales
The company will launch its new cyber threat analytics software in the second half of 2015, which will deliver significant recurring software revenue.
![Story image](../../../../../uploads/story/2015/08/25/preview_miney.webp)
GeoOp to raise $2.4M in private placement to fund Australian growth, SPP to follow
Tue, 25th Aug 2015
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nzax
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nzx
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capital
GeoOp to raise $2.4m to fund expansion in Australia through private placement to foreign investors, senior management and the board.
![Story image](../../../../../uploads/story/2015/08/20/preview_trademe.webp)
Trade Me annual profit flat as increased expenses curb revenue growth
Thu, 20th Aug 2015
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nz
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trade me
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expenses
Trade Me posted a similar profit for its 2015 financial year to 2014 as increased spending ate into bigger revenues.
![Story image](../../../../../uploads/story/2015/08/20/preview_serko_revenue.webp)
Serko cuts revenue forecast for second time
Thu, 20th Aug 2015
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serko
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expedia
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capital
Serko has downgraded its revenue outlook for a second time as a slowing Australian economy weighs and after a number of contracts were delayed.
![Story image](../../../../../uploads/story/2015/08/18/preview_header.webp)
Datacom topples Spark as NZ's biggest IT services provider
Wed, 19th Aug 2015
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uc
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telco
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it services
Datacom, the privately-held IT services firm, surpassed Spark New Zealand as the country's biggest information technology services provider.
![Story image](../../../../../uploads/story/2015/08/17/preview_chorus.webp)
Chorus says regulator understates network pricing costs such as trenching
Tue, 18th Aug 2015
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chorus
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commerce commission
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fibre
Chorus has made a further submission to the Commerce Commission ahead of the final determination on pricing of its copper network.
![Story image](../../../../../uploads/story/2015/08/11/preview_vmob.webp)
VMob shifts headquarters to the US, seeks main board NZX listing
Wed, 12th Aug 2015
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software development
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nzax
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vmob
VMob, the NZAX-listed mobile technology company, is shifting its headquarters to San Francisco, and raising about $5m in a private share placement.
![Story image](../../../../../uploads/story/2015/08/10/preview_jb_hi_fi.webp)
JB Hi-Fi NZ earnings drop 50% on skinnier margins, flat sales
Mon, 10th Aug 2015
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jb hi-fi
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sales
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nz
JB Hi-Fi's New Zealand earnings halved in the latest financial year as the Australian retailer's margins shrank and sales were little changed.
![Story image](../../../../../uploads/story/2015/08/04/preview_VMob.webp)
VMob delays planned ASX listing despite reported sales momentum
Tue, 4th Aug 2015
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nzax
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vmob
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sales
VMob says it has delayed a planned listing on the ASX because of on-going commercial negotiations and so management can focus on current sales.
![Story image](../../../../../uploads/story/2015/08/04/preview_money_xero.webp)
Xero burns through the cash
Tue, 4th Aug 2015
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fintechs
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financial systems
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xero
Xero burned through cash at a faster pace in the June quarter as it ramped up spending on rising staff, and marketing costs.
![Story image](../../../../../uploads/story/2015/07/31/preview_harmoney.webp)
Harmoney founder and CEO Neil Roberts leaves board
Fri, 31st Jul 2015
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peer-to-peer lending
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harmoney
Harmoney's Neil Roberts steps down from board but maintains CEO position amidst company's evolving financial journey.
![Story image](../../../../../uploads/story/2015/07/29/preview_bill_eng.webp)
Govt wants to limit UFB involvement, English says
Wed, 29th Jul 2015
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government
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chorus
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nz
Government fears prolonged involvement in New Zealand's ultra-fast broadband network could distort its value, says Finance Minister Bill English.
![Story image](../../../../../uploads/story/2015/07/24/preview_finance-minister-bill-english-2014-getty-images.webp)
Govt wants to limit UFB involvement, wary of stuffing up sector, English says
Fri, 24th Jul 2015
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government
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telco
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ufb
The government doesn't want to spend any more money or stay any longer in the build of New Zealand's ultra-fast broadband network.
![Story image](../../../../../uploads/story/2015/07/23/preview_shares_down.webp)
While you were sleeping: Apple, Microsoft falter
Thu, 23rd Jul 2015
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personal computing devices
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ibm
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apple
Apple and Microsoft earnings disappoint, raises doubt over tech rally that pushed Nasdaq to new highs #WallStreet.
![Story image](../../../../../uploads/story/2015/07/23/preview_Rod_Drury.webp)
Xero to double turnover to $200M this year, says CEO Rod Drury
Thu, 23rd Jul 2015
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fintechs
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financial systems
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market
New Zealand accounting software pioneer Xero expects to double global revenue to more than $200 million in the year to March 2016.
![Story image](../../../../../uploads/story/2015/07/10/preview_money.webp)
The New Zealand Venture Investment Fund breaks even or better from one-in-five exits
Fri, 10th Jul 2015
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new zealand venture investment fund
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startups
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angel investors
Crown's NZ Venture Fund achieves break-even or profits in 21% of exits, aligning with early-stage investment norms, says CEO Banga.
![Story image](../../../../../uploads/story/2015/07/09/preview_entrepreneur.webp)
How Kiwi companies can become the new breed of 'exponential organisations'
Thu, 9th Jul 2015
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apm
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software development
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smb
The business world has seen the birth of a new breed of company that could tilt the playing field in favour of cash-strapped Kiwi entrepreneurs.
![Story image](../../../../../uploads/story/2015/07/08/preview_pushpay.webp)
Pushpay revenue climbs as US churches sign up for service
Wed, 8th Jul 2015
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pushpay
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mobile apps
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mobile payment
The mobile payments app developer boosted revenue 39% in Q1 as growth in its US faith-based merchants offset a decline in its SMS business.