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SLI shares soar after December search queries top 1 billion

Shares in SLI Systems soared to a six-month high after the online search software developer’s service topped 1 billion search queries in December, the first time it crossed that threshold. The shares rose as high as $2.50, the highest since July last year, and recently traded at $2.45, up 20 percent on the day, after the company said search queries …

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NZ retail spending on credit, debit cards climbs 0.6 percent in December

New Zealanders lifted retail spending on credit and debit cards last month, adding to signs an accelerating economy is making consumers more confident to open their wallets. Total electronic card transactions at retailers rose 0.6 percent, seasonally adjusted, in December from November and were up 5.5 percent compared to December 2012, according to Statistics New Zealand. Core retailing rose 0.9 …

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Diligent sales growth slows in fourth quarter, accelerates European expansion

Diligent Board Member Services, the governance software developer, said sales growth slowed in the last three months of 2013, and it has decided to speed up its expansion plans in Europe. The New York-based company added 145 net new clients in the three months ended Dec. 31, compared to 193 a year earlier. It lifted its cash balance US$8.7 million …

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NZ dollar rises to near 8-week high as markets mull US jobs data

The New Zealand dollar rose to its highest level since late November as markets continued to gauge whether last Friday’s weak US employment figures will weigh on the Federal Reserve’s plans to scale back its bond buying programme. The kiwi rose as high as 83.83 US cents, its highest level since Nov. 20, trading at 83.76 cents at 8am in …

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While you were sleeping Lululemon slides

Wall Street declined as investors awaited a slew of US corporate earnings to gauge whether, and for which companies, the pickup in the economic recovery has translated to an improvement in the bottom line. In afternoon trading in New York today, the Dow Jones Industrial Average fell 0.38 percent, the Standard & Poor’s 500 Index slid 0.41 percent, while the …

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Wynyard 2013 revenue meets forecast of $21.5 mln

Wynyard Group, whose shares soared 64 percent last week, says it has met its forecast sales target of $21.5 million. That equates to more than 62 percent revenue growth in 2014, and the company’s board will review the 2014 and 2015 business plans and targets in the first quarter of this year, the intelligence software developer said in a statement. …

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World Week Ahead Eyes on earnings

After December’s surprisingly weak jobs data took some of the shine off the US economic recovery, investors will be analysing this week’s wave of corporate results for reassurance that better days lie ahead. JPMorgan Chase, Bank of America, Wells Fargo, Goldman Sachs, General Electric, Intel and UnitedHealth are among companies reporting quarterly results this week. “The market increasingly will be …

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MARKET CLOSE NZ shares gain as investors favour growth stocks in reviving economy

New Zealand shares rose as investors turned to equities in search of growth on optimism local companies will benefit from a reviving economy. The NZX 50 Index gained 49.517 points, or 1 percent, to 4,864.391. Within the index, 33 stocks rose, 10 fell and seven were unchanged. Turnover was $109 million. “Investors are purely chasing growth,” said Grant Williamson, a …

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Fiji Airways looks to latch on to New Zealand recovery in growth plans

Fiji Airways, the Pacific nation’s national airline, wants to latch on to New Zealand’s accelerating economy as part of a push to more than double operating earnings over the next five years. The Nadi, Fiji-based company plans to add four new planes, lifting capacity by 35 percent and expand its workforce by 29 percent in the next five years as …

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