ASX:XRO

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ASX:XRO

Strong growth and profitability for Xero in FY24

23 May 2024 - Accounting software multinational Xero (ASX:XRO) has reaped the benefits of the restructuring and management change a year or so ago and the new direction she brought…

Investors vote on Xero's results

09 Nov 2023 - Investors gave Xero's solid rebounding interim results a thumbs-down. This decline was much larger than the broader market.

Xero shares back in triple figures after strong result

19 May 2023 - The arrival of accounting software giant Xero’s (ASX:XRO) 2022-23 annual results yesterday brought with it news of cost cuts, higher revenue and more subscribers that…

Xero the latest techie to feel the pinch

10 Mar 2023 - NZ accounting software maker Xero (ASX:XRO) has become the latest technology company to announce major staff cuts, telling investors on Thursday it would axe up to 80…

Market punishes Xero to the tune of 10%

11 Nov 2022 - Investors punished accounting software multinational Xero (ASX:XRO) yesterday after it released mixed interim results which were topped by the surprise exit of its CE…

ASX tumbles 7.1% over the week, its worst fall since March 2020

17 Jun 2022 - Australian shares sank again this week as recession fears continued to hit financial markets. The ASX 200 had its worst week since the pandemic started in March 2020,…

ASX suffers worst week since 2020: Aus shares close 1.3% lower

10 Jun 2022 - The ASX has suffered its worst week since 2020 after the financial sector was hit with a 9 per cent weekly slump. The market was under renewed pressure today, with al…

Energy, miners & tech fall, major banks rebound: ASX down 0.7% at noon

10 Jun 2022 - The ASX is off to another weak start following a red finish on Wall Street. Australian shares are on track for their largest weekly decline this year as markets diges…

Has the Nasdaq bottomed?

06 Jun 2022 - Fairmont Equities Managing Director Michael Gable takes a technical look at Nasdaq, Xero (ASX:XRO), Qantas Airways (ASX:QAN) and Alligator Energy (ASX:AGE).

Wall St gains, Macquarie rates Super Retail, Myers, Xero, Appen, Perpetual on watch: ASX to rise

26 May 2022 - US stocks popped higher as investors felt hopeful that the economy will slow down enough for the central bank to consider adjusting its rate hiking cycle towards year…

Tech stocks lead Friday's rally: ASX down 1.8% over the week

13 May 2022 - The ASX closed lower for a fourth week despite a rally on Friday’s session thanks to information tech. Tech’s gains were much needed after yesterday’s 8.7% dive as in…

Xero margin for error in the current environment

13 May 2022 - Investors in accounting software group Xero took out the axe with the long handle yesterday and gave the company’s shares a good whack after what they thought was a d…

Xero grows revenue 29% to NZ$1.1 billion, with net loss of NZ$9.1 million

12 May 2022 - Xero has reported its full-year earnings to 31 March 2022.

The semiconductor market, growth vs volatility, XRO, ANZ, NAB, WBC

11 May 2022 - Fund Manager Chris Pedersen discusses US rates and recessions, the percentage change in FAANG stocks and the S&P500, the semiconductor market, Xero, ANZ, National Aus…

Pendal pops on 1H profit beat: ASX falls for 3rd straight day, tumbling 1.3% at noon

10 May 2022 - Resources stocks are pulling the index lower for a third straight day as investors continue to sell out stocks on concerns around the impact of rising interest rates …

Inflation spooks Wall St, Oil & iron ore $ slide, Pendal, Lendlease, Ramsay on watch: ASX to dive

10 May 2022 - Global benchmarks continue to tumble with several cross currents weighing on investor's minds. After China's President on Friday recommitted to the zero-Covid19 strat…

ASX suffers worst day in 2.5 months on recession fears, panic-selling causes 3.2% tumble over week

06 May 2022 - Australian shares had an ugly day as investors sold off on fears that the pace of the interest rate hiking cycle would send the economy into a recession. Investors le…

Tech leads ASX tumble, Travel stocks lift: Aus shares close 1.2% lower

02 May 2022 - The ASX had a rough session today ahead of the interest rate outcome tomorrow from the Reserve Bank of Australia. Meanwhile, a weak lead from Wall Street sent Aussie …

REX roars at Qantas on take-off, Tech rout, inflation rips ahead of RBA meet: ASX dives 1.6% at noon

02 May 2022 - Australian investors climb the wall of worries ahead of the interest rate outcome tomorrow from the Reserve Bank of Australia. This followed a negative lead from Wall…

ASX checks into Easter as flight stocks take-off, closes 1.1% higher for the week

14 Apr 2022 - Aussie shares checked into Easter as flight stocks took off, pulling the local bourse higher for its second straight day. The shine from energy and mining stocks with…

RBA statement takes shine off the ASX rally, closing 0.2% higher

05 Apr 2022 - The Reserve Bank left its cash rate at a record low of 0.1% with the shine taken off the equities rally after traders realised that the word “patient” was omitted. Th…

Tech stocks drive bumper day pre-RBA meeting outcome: ASX up 0.7% at noon

05 Apr 2022 - A growing appetite for risk has seen tech stocks extend its rally, leading the Australian sharemarket to another strong day ahead of the Reserve Bank interest rate ou…

BHP leads major miners, Xero & Block weigh on tech: ASX closes 0.1% higher

28 Mar 2022 - The ASX finished Monday’s session a touch higher after easing its gains in the late afternoon. Across the sectors, materials led the pack while technology weighed the…

Materials lead, CEO resigns from Star: ASX up 0.5% at noon

28 Mar 2022 - Starting the week off on a positive note, the ASX has opened higher thanks to a boost in miners, while tech stocks weigh. Across the sectors, materials are out in fro…

Tech leads losses, Zip Co falls: ASX closes 0.9% lower

11 Mar 2022 - The ASX fell further in the afternoon and finished Friday’s session in negative territory, following a mixed week amid tensions around Russia’s invasion of Ukraine. T…