31 Mar 2015

Business briefs

1:02 pm on 31 March 2015

A round-up from Radio New Zealand's business reporters - including Xero doubles Australia customers, and Acting CEO for Kirkcaldie and Stains appointed.

Xero doubles Australia customers

Xero has almost doubled the number of customers it has in Australia.

The cloud-based accounting software company said it now has 200,000 Australian customers.

That's up from 109,000 a year ago.

Xero would not say how many customers it had in the United States, as those figures would be released when the company published its annual result on the 24 April.

Acting CEO for Kirkcaldie and Stains appointed

A former director of Kirkcaldie and Stains Philip Shewell has been appointed the acting chief executive, while the retailer considers its options for the future of the business.

Mr Shewell takes up his role on 8 April.

Mad Energy raises $2.2 million

Mad Energy has raised $2.2 million through a rights issue, which makes the NZX-owned SuperLife its controlling shareholder.

The money will be used to fund a third-party sales force in New Zealand and for general working capital.

AWF raises $14 million

AWF has raised $14 million through a rights offer.

The money will be used to repay bank debt.

TruScreen on track for revenue forecast

The biotech company TruScreen said it was on track to achieve its revenue forecast for the 12 months to the end of March.

The cervical cancer screening company said it expected its full-year revenue to be about $1.95 million, which is slightly more than the $1.92 million it forecast in its listing documents.