UPDATE: Share trading before Xero capital raise 'reeks': Forbarr

Wed, 25 Feb 2015

(Adds broker comment in fourth paragraph) By Suze Metherell Feb. 25 (BusinessDesk) - Share trading ahead of this morning's announcement of a $147.2 million capital-raising by Xero, which caused an unexplained jump in its share price, "reeks to high heaven," says David Price, the head of institutional broking at Forsyth Barr. Xero chief executive Rod Drury insists he is "pretty confident" last week's share price movement, which prompted a 'please explain' notice from market regulator NZX, is not related to today's announcement that US-b...

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