Apple NZ pays 0.4% tax of its half-billion sales
March 25
Business Desk
Featured The Channel Apple Sales New Zealand posted a 38 percent jump in full-year sales to $571 million, though the tax department received a payment amounting to just 0.4 percent of that. Read More →
50% of Kiwis know nothing about online info collecting
March 19
Business Desk
Telco Review Around half of New Zealanders don’t realise their personal information is being collected online, while approximately a third of people don’t worry about it. Read More →
Xero’s Drury says too early for US listing
March 18
Business Desk
IT Brief Xero isn’t yet large enough to consider a US listing, says founder and chief executive Rod Drury. Read More →
Orcon attracting “intensified” buyer interest
March 12
Business Desk
Featured Telco Review Kordia says Orcon has attracted “intensified” buyer interest in recent months and an announcement is expected to be made in “coming weeks”.
Read More →
Xero becomes billion dollar company
March 8
Business Desk
IT Brief Xero, Wellington-based cloud accounting software firm, has become New Zealand’s latest billion dollar company after its shares climbed to a new record today. Read More →
Trade Me sells Treat Me after two-year experiment
March 7
Business Desk
NetGuide Online auction site Trade Me, which is on the prowl for more acquisitions, has sold its group-buying Treat Me website for an undisclosed sum in a management buyout. Read More →
Mobile business props up dwindling Telecom sales
February 22
Business Desk
Telco Review Telecom eked out a 3.7 percent lift in first-half underlying earnings as revenue from its mobile business propped up otherwise disappointing sales. Read More →
4G spectrum auction in third quarter, no iwi allocation
February 21
Business Desk
Telco Review The government will auction allocations for the radio spectrum band being set aside for 4G mobile phones in the third quarter of the year, but won’t have a sweetener for iwi. Read More →
JB Hi-Fi sees first-half NZ sales fall 6%
February 12
Business Desk
The Channel New Zealand sales fell 6 percent in the first half from a year-earlier result boosted by the 2011 Rugby World Cup. Read More →
Chorus gets reprieve as govt holds price regulation
February 8
Business Desk
Telco Review Telecommunications network operator Chorus has been given some breathing space over price regulation of its ageing copper lines. Read More →
Chorus GM in charge of UFB, RBI rollout resigns
February 7
Business Desk
Telco Review Chorus’ executive in charge of building its tax-payer funded broadband programmes will leave the telecommunications network operator at the end April. Read More →
Copper lines regulation pits fibre investors against consumers
February 5
Business Desk
Telco Review Commerce Commission’s draft regime has divided submitters into investors pushing for a backdown by the regulator and consumer lobby groups and retailers supporting the initial version. Read More →
Xero reports $85m of cash in first cashflow report
February 1
Business Desk
The Channel Accounting software firm had $85 million of cash at the end of 2012 after raising $60 million in a private placement in December. Read More →
Govt reactivates pre-Novopay pay provider as problems persist
January 31
Business Desk
The Channel The government is reactivating its relationship with Datacom, the New Zealand firm that managed teacher payrolls before they were switched to the glitch-plagued Novopay system last year. Read More →
Netflix surprises as Apple disappoints
January 25
Business Desk
MacGuide Netflix stock surpassed Wall Street estimates, outweighing the disappointment on Apple’s results. Read More →