Xero, the cloud-based computing company whose shares have more than tripled in the past 12 months, isn’t yet large enough to consider a US listing, says founder and chief executive Rod Drury. The shares dipped from Friday’s record high. “A US listing is certainly something a business with global aspirations would consider,” Drury said in a statement. “We have been …

New Zealanders continue to feel relatively chipper about their economic circumstances, despite the national spread of drought conditions and a string of high profile job cuts, according to the latest Westpac McDermott-Miller confidence survey. However, public servants are less optimistic than private sector workers and a gap is opening between mens’ and womens’ confidence levels, which Westpac senior economist Felix …

Pumpkin patch, the children’s clothing chain, returned to profit in the first half as costs to close underperforming stores in the US and UK a year earlier weren’t repeated. Sales fell on tough trading conditions and inventory disruptions. Profit was $4.7 million in the six months ended Jan. 31, from a loss of about $30 million a year earlier, the …