
Xero shares savaged after $69.5m loss
Shares drop 9.35 per cent but chief executive says company still considering US listing at ‘optimal time’.
Shares drop 9.35 per cent but chief executive says company still considering US listing at ‘optimal time’.
Xero's net loss expanded to $69.5 million, or 55 cents per share, in the year ended March 31.
The arrival of MYOB Group, the Australian accounting software firm, on the Australian Stock Exchange is unlikely to weigh on dual-listed rival Xero's share price, says an analyst.
The Government is floating the idea of businesses paying their tax on a pay-as-you-earn basis, in the biggest proposed shakeup of the income tax system.
Silicon Valley. Rightly or wrongly it's the totem pole by which countries judge their transition to a more technology-based economy.
As rivalry between Australasian accounting software foes Xero and MYOB heats up, an investment blog has found a novel method of comparing the two companies' prospects.
It has been a big week for the sharemarket as the reporting season continues and stocks make big price moves.
A$147 million capital injection from North American investors will buy Xero some breathing room as it forges on with international growth ahead of a potential sharemarket float in the United States, says an analyst.
Shares in Xero have jumped 24 per cent in the past week, amid speculation a large seller has left the market.
New Zealand shares rose yesterday, heading back towards a record high after a two-day slide.
Accounting software firm Xero has introduced a new combined payroll and accounting software platform to help increase growth in the US.
Exceptionally low oil prices have thrown world financial markets a curve ball by driving bond yields sharply lower and undermining share prices.
In dramatic terms 2014 ended with several big business and economic stories on cliff- hangers.
US investment giant Fidelity Investments has taken a 5.4 per cent stake in accounting software developer Xero.
What are the top 10 worst performing shares of 2014 so far? Find out with a graphic showing the biggest losers.
New Zealand shares gained for a third day yesterday, paced by Contact Energy and TrustPower, as investors spooked by recent volatility sought high-yield stocks. Fisher & Paykel Healthcare rose to a record.
On Monday Rod Drury, the technology entrepreneur and chief executive of Xero, the small business accounting software company, was sounding very chipper.
Analysts at Wellington's Woodward Partners have suggested Xero abandon its expensive strategy of chasing growth in the United States and instead focus on consolidating its position in New Zealand,....
Investor fears on world markets flowed through into local share trading yesterday as concern mounted about growth in the leading economies of the United States, China, Japan and the European....
Rod Drury, one of New Zealand's most successful businessmen, these days relishes speaking in front of crowds of 1500 or so.