Shares in Xero climbed 11 percent after the accounting software developer said it slowed the pace of cash outflow in the first three months of the year. The stock jumped $3.31 to $33.30 after the Wellington-based company said net operating cash outflow was $5.6 million in the three months ended March 31, slowing from an outflow of $6.5 million in …

Diligent Board Member Services filed its 2013 annual report after restating accounts for the prior three years and said chief financial officer Carl Blandino will step down once the company’s reporting obligations are up to date. The New York-based, New Zealand-listed company, whose strong operating performance was undermined by a slew of administrative errors last year, today filed its annual …

Dorchester Pacific, the finance company that avoided failure in 2010 by convincing investors to accept a debt-for-equity swap, said full-year profit rose more than five-fold, beating guidance. Profit in the year ended March 31 was about $8 million, up from $1.7 million a year earlier, the Auckland-based company said in a statement. Profit from its three trading operations would be …