Stories by Pattrick - Page 54

Rakon's Brent and Darren Robinson to sell 493,000 shares each after breaching Takeovers Code. The brothers' purchases pushed family ownership over 20%.

New Zealand business confidence rose to its highest in more than 14 years in July amid signs of a broader economic expansion.

Cloud-based accounting firm burned through more cash last quarter as the company's rapid expansion saw wages, advertising and marketing payments run a.

The second-worst performing stock on the New Zealand sharemarket in the past year, will sell 80 percent of its Chinese joint venture factory to reduce debt.

Cloud-based accounting software firm has doubled its market capitalisation in just four months, rising above $2 billion today, having still to turn a.

2degrees posts its first positive EBITDA of $4.4m, signalling a strong market position against rivals after 3 years of losses.

NZX trading halted due to an IT issue, marking the second major outage this year as investigations are underway.

Citrix Systems NZ acquires Wellington-based Beetil for $4.5m, expanding its IT support services and integrating Beetil's proficient team.

TeamTalk cuts earnings guidance for a second time after acquiring Farmside Group, resulting in a slower transition and lower earnings.

Wynyard Group aims to raise up to $70M in a stock exchange listing to buy its IP from Jade Software and fuel growth.

Unpreparedness at Talent2 and the Ministry of Education leads to costly Novopay errors, casting a shadow over the state's project management.

Cloud-based accounting firm Xero has toppled Port of Tauranga as the highest priced local stock on the NZX as it charts another notch in its belt, hav.

Xero chairman Sam Knowles and COO Alastair Grigg cashed in some of their shares after a 'black-out' period ended when the company reported its annual.

Govt ponders creating a cyber security group to bolster public defences against rising web crimes, signifying a proactive approach to online safety.

Xero, the cloud-based accounting firm, widened its annual loss in line with is guidance while using cash reserves to double revenue and paying custome.

Rakon's losses soar to $32.8m as it writes down assets in China and NZ, hitting the lower end of its downgraded earnings forecast.

Vodafone lost a net 7,000 mobile customers in the first three months of the year, its ninth straight quarterly decline.

Vodafone New Zealand's general counsel David Kreider retains his NZD $541,000 salary after a ruling found his role unchanged despite a corporate restructure.

Telecom's Gen-i has agreed to sell its Davanti Consulting business in a management buy-out the latest step to trim down IT services unit.

Telecom said annual earnings will be at the low end of guidance because of competition in fixed-line sales and a margin squeeze at its Gen-i unit.