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Xero shares plunge to 10-month low as investors question US growth plans
By Suze Metherell Aug. 15 (BusinessDesk) - Shares of Xero dropped to their lowest level since October last year as investors weigh the high valuation of the cloud-based accounting software firm's shareprice against its US growth aspirations. The stock fell 6.2 percent to $2...
NZ dollar heads for 0.4% weekly gain in lacklustre trading
By Paul McBeth Aug. 15 (BusinessDesk) - The New Zealand dollar is heading for a 0.4 percent weekly gain in what's been lacklustre trading, with little hard economic data driving direction. The kiwi rose to 84.88 US cents at 5pm in Wellington from 84.56 cents at the New York...
GPG shares plunge 16% since Wednesday on pension woes
By Suze Metherell Aug. 15 (BusinessDesk) - Shares of Guinness Peat Group have dropped 16 percent since announcing it is still grappling with its UK pension liability on Wednesday, while its sole investment, the Coats threadmaker unit, reported a near trebling of first-half pro...
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