Stories by Pattrick
Xero to double turnover to $200M this year, says CEO Rod Drury
Thu, 23rd Jul 2015
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fintech
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financial systems
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xero
New Zealand accounting software pioneer Xero expects to double global revenue to more than $200 million in the year to March 2016.
Orion Health reports $61M full-year loss, beats prospectus on recurring revenue
Tue, 26th May 2015
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partner programmes
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healthtech
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orion health
Healthcare system software developer Orion Health reported a $60.8 million loss in line with its strategy to grow revenues before becoming profitable.
Xero changes recruitment tactics as unsuitable US head, CFO depart, Drury says
Fri, 1st May 2015
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fintech
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financial systems
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xero
Xero boss Rod Drury says the accounting software developer has changed its tactics for hiring senior executives after the departure of a US chief exec.
Xero shares extend decline, as investors digest FY, US CFO departure
Wed, 29th Apr 2015
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fintech
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financial systems
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xero
Shares of cloud-based accounting software firm Xero have dropped to the lowest level as investors digest sudden departure of another US-based exec.
A2 Milk debuts on ASX, announces mid-April US launch
Tue, 31st Mar 2015
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nzx
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shares
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a2 milk co
A2 Milk Co, the milk marketing company, will launch into the United States from mid-April, with a range of half-gallon fresh milk cartons in supermark.
Kiwi start-up Glassjar launches payments app in the US
Fri, 6th Mar 2015
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apps
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glassjar
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nato
Glassjar, the kiwi software start-up whose app provides people an easy way of sharing bills, has launched in the United States.
Vector chair Stiassny calls for regulatory change to incentivise electricity innovation
Thu, 5th Mar 2015
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datacentre infrastructure
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power / energy
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vector
Michael Stiassny, chairman of Auckland lines company Vector, says current regulation doesn't incentivise the electricity sector to foster new technolo.
Winemaker Delegat says increased sales due to North American consumers trading up
Fri, 27th Feb 2015
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delegat
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wine
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managing director
Consumers trading up to premium wine and an improved economy is behind a 19 percent boost in North American sales to 425,000 cases.
Winemaker Delegat posts 45% drop in 1H profit despite rising sales
Fri, 27th Feb 2015
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nzx
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delegat
Delegat Group, New Zealand's largest listed wine company, has posted a 45 per cent drop in first-half profit, mainly caused by a $10.
Vista annual profit falls less than forecast as sales climb 55%
Fri, 27th Feb 2015
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nzx
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vista group
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acquisition
Vista Group International, the cinema software and analytics company, reported a smaller drop in annual profit than forecast in last year's offer docu.
Breaking news: Xero shares jump 21% after $147 million investment
Wed, 25th Feb 2015
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fintech
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financial systems
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xero
Xero's share price soars to a new high with a $147m boost from US investors, signalling strong future growth and new leadership in North America.
MARKET CLOSE: NZ shares rise led by Air NZ on falling fuel costs; SkyCity gains on 1H
Thu, 12th Feb 2015
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air new zealand
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skycity
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partners
NZX buoyed by Air NZ's surge on falling oil costs while SkyCity's 1H report further lifts spirits despite mixed casino results.
Vista agrees to buy US-based Ticketsoft, extending North American footprint
Wed, 11th Feb 2015
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data analytics
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martech
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commerce systems
Vista Group International, the cinema software and analytics company, has conditionally agreed to acquire Ticketsoft, a Dallas, Texas-based company.
TPP talks could be wrapped up in first-half of 2015, Key says
Wed, 28th Jan 2015
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trans-pacific partnership
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partners
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tariffs
Prime Minister John Key says the Trans-Pacific Partnership negotiations could be wrapped up in the next six months and put in front of the various.
MARKET CLOSE: NZ shares join global rally; Trade Me, Kiwi Property advance
Sat, 10th Jan 2015
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trade me
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fletcher building
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a2 milk co
New Zealand shares rose, paced by Trade Me Group and Kiwi Property Group, joining a global rally on speculation US interest rates will remain low.
Wellington airport snares new Fiji short-haul route
Mon, 15th Dec 2014
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wellington city council
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environmental protection authority
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market growth
Fiji Airways, the Pacific nation's national airline, will launch direct flights between Wellington and Nadi from June next year as it looks to exte.
Michael Hill knuckles down on North American market, CEO Parsell says
Thu, 4th Dec 2014
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shares
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strategy
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sales
Michael Hill International, the jewellery retailer named for its founder, is bedding in a strategy to gain traction in North America, which it even.
Delegat's to push into China next year as part of global wine brand expansion
Tue, 2nd Dec 2014
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shareholders
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revenue
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managing director
Delegat's Group, the listed winemaker, plans to put a toehold in China next year as part of a long-term goal of boosting overall sales by 52 percen.
Xero widens first-half loss, concedes US did not execute to plan
Thu, 20th Nov 2014
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fintech
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financial systems
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xero
Xero, the cloud-based accounting software firm, widened its first-half loss after spending more on staff and marketing.
Moa 1H loss widens following restructuring, sales jump 71%
Wed, 19th Nov 2014
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moa group
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woolworths
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revenue
Moa Group posted a wider first-half loss after the unprofitable boutique beer maker restructured its fledgling business and changed distribution an.