Finance

Xero's curate's egg first-half result cheered by investors

Jenny Ruth
Fri, 08 Nov 2019

Investors' response to Xero's first-half results was unambiguously positive despite it being a bit of a curate's egg.Xero shares, which trade only on the ASX, rose as high as a record A$74.54, up 10.4 percent from A$67.50 on Wednesday, before easing to close at A$73.95. The shares are more than 82 percent higher than a year ago.The good bits in the accounting software company's results include the overall 30 percent rise in subscribers to 2.057 million, particularly the 51 percent rise in UK subscriber numbers to 536,000, the fact that it repor...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets market close
NZ sharemarket rebounds with Wall Street rally
Dan Brunskill | Mon, 27 Jun 2022

US markets rallied on Friday night as traders began thinking an economic slowdown would stop the US Federal Reserve from hiking interest rates.

Policy
Political donations over $5k to require declaration
Staff reporters | Mon, 27 Jun 2022

The changes require disclosure of donor identities for any party donations over $5,000 versus the current $15,000. 

Law & Regulation
Public class action fund needed: Law Com
Victoria Young | Mon, 27 Jun 2022

The Law Commission has finalised its report into class actions and litigation funding.

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

Sponsored
High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.