Stories by Pattrick - Page 53

NZX, the stock market operator and supervisor, has rapped media reports in latching on to a lobby group's comments on listed company Chorus's solvency.

Shares in cloud-based accounting software developer Xero have been halted pending the outcome of a capital raising.

Business confidence rose to its highest in more than three years in the third quarter and broadened beyond Canterbury...

Telecom gears up for 4G expansion, bidding for 700MHz spectrum to enhance rural connectivity and bolster its network.

Internet commentator Lance Wiggs extends his Punakaiki Fund offer by about three weeks on signs the IPO would miss its minimum target of $5 million.

Xero, the cloud-based accounting firm whose shares have soared 150 percent this year, said first-half sales almost doubled as it continued to chase cu.

New Zealand business confidence soars to a five-year high, with a net 54% of firms optimistic about the year ahead, led by bullish construction sector outlooks.

Ross Patterson, ex-Telco Commissioner, aids Chorus in revising copper line pricing amid push for faster fibre uptake.

Rakon managing director Brent Robinson and his brother, executive director Darren Robinson forced to sell shares after a telling off by the Takeovers Panel.

Wall Street sees a drop in Apple shares amid disappointment about its two latest iPhone products, while investors snap up record Verizon Communications bonds.

Rakon pledges to pay up to 50% of net profit in dividends amidst a 37% share price slump this year, aiming to restore investor faith.

Rakon faces a staggering USD $54 million net loss for 2014 due to a USD $37 million write-down on its Chinese investment, causing shares to plummet 8.7%.

Kim Dotcom has stepped down from his Mega data storage company directorship to concentrate on fighting US extradition charges and developing new ventures.

The government will be seeking a minimum of $198 million for the rights, which are expected to be fought over by Telecom, Vodafone, and 2degrees.

Telecom Corp announces continuous cost-cutting after a slight earnings drop and intense market competition, aiming for mobile leadership.

Sky TV has inked a deal with Vodafone, merging separate resale and distribution agreements, boosting Sky TV shares by 1.3% to NZD $5.30.

Trade Me's profit climbs to $78.6m but eyes a slower 2014 as it focuses on reinvestment, despite a strong online market presence.

Adams proposes using copper prices to support NZ's leap to fibre broadband, aiming for a modern, competitive services landscape.

Chorus, the telecommunications network operator, has signed up to a new $250 million banking facility that will use to push out its debt maturity.

Cloud-based accounting software firm added 36,000 customers since the end of March and is predicting an 80 percent pickup in annual sales as it contin.