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PaySauce more than doubles recurring quarterly revenue

Article – BusinessDesk

Jan. 23 (BusinessDesk) – Payroll software provider PaySauce says its recurring revenue in the December quarter was 109 percent ahead of the same quarter of 2017. Read more »

UPDATE: economists see some signs of emerging pressure

Article – BusinessDesk

Jan. 23 (BusinessDesk) – New Zealand’s inflation remained stuck in neutral in the fourth quarter but economists say the data does point to some emerging cost pressure. Read more »

Mercury says strong prices to offset lower hydro output

Article – BusinessDesk

Jan. 23 (BusinessDesk) – Mercury NZ says high spot prices in the December quarter should enable it to meet its full-year earnings guidance despite lower hydro production and the loss of earnings from its soon-to be-sold meter business. Read more »

NZ 4Q inflation remains stuck in neutral

Article – BusinessDesk

Jan. 23 (BusinessDesk) – New Zealands inflation remained stuck in neutral in the fourth quarter as petrol prices fell. The data was in line with economists expectations but slightly below what the central bank had tipped. Read more »

Agria rep to step down as Wrightson chair by June 28

Article – BusinessDesk

Jan. 23 (BusinessDesk) – PGG Wrightson says current chair Joo Hai Lee will step down before June 28 but that the board will continue its governance review in the meantime. Read more »

Z Energy raises earnings, dividend forecast on crude slump

Article – BusinessDesk

Jan. 23 (BusinessDesk) – Z Energy has increased its full-year earnings guidance by more than $15 million due to improved margins following the sharp drop in oil prices late last year. Read more »

Eroad lifts sales growth in December quarter

Article – BusinessDesk

Jan. 23 (BusinessDesk) – Logistics and fleet management technology firm Eroad reported a lift in the number of units sold in the third quarter of its financial year, despite the holiday season. Read more »

NZ dollar eases against pound; stalled ahead of CPI

Article – BusinessDesk

Jan. 23 (BusinessDesk) – The New Zealand dollar, little changed ahead of key inflation data today, slipped to a fresh two-month low against the British pound on stronger-than-expected employment and wages data there. Read more »

NZ shares fell on global growth concerns

Article – BusinessDesk

Jan. 22 (BusinessDesk) – New Zealand shares fell as investors fretted about a possible slowdown in global growth. Spark saw the heaviest volumes traded. Read more »

KiwiBuild a ‘massive political distraction’

Article – BusinessDesk

Jan. 22 (BusinessDesk) – KiwiBuild is a “massive political and bureaucratic distraction” compared to a range of the government’s other policies that should help deal with New Zealand’s chronic housing unaffordability, the New Zealand Initiative … Read more »

New Zealand dollar becalmed ahead of CPI data

Article – BusinessDesk

Jan. 22 (BusinessDesk) – The New Zealand dollar is little changed ahead of key inflation data due out on Wednesday amidst a global backdrop of unease created by gloomy sentiment coming out of the Davos Economic Forum and by yesterdays data showing slowing … Read more »

Billionaire Aussie miner’s ‘quixotic’ move to NZ

Article – BusinessDesk

Jan. 22 (BusinessDesk) – Billionaire Australian mining magnate and political maverick Clive Palmer has shifted his empire’s legal incorporation to New Zealand in preparation for a possible bid to sue the West Australian government for A$45 billion for alleged … Read more »

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