52 stories mentioning ASX:XROUpdated 5d ago
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Utilities stocks advanced nearly 1% at midday Tuesday.Origin Energy (ASX:ORG) gained more than 1% in recent trade.On the flip side, the information technology sector struggled, shedding more than 1%.Xero (ASX:XRO) shares were down 2% in recent trade.
Energy stocks advanced nearly 1% at midday Monday.Woodside Energy Group (ASX:WDS) gained almost 1% in recent trade.On the flip side, the information technology sector struggled, shedding more than 2%.Xero (ASX:XRO) shares fell nearly 4% in recent trade.
Xero (ASX:XRO) said Vanguard Group raised its voting power in the firm to 6.104% as of Aug. 31 from 5.103% previously, according to a Friday Australian bourse filing.Vanguard holds 10.4 million ordinary shares in the firm as of Aug. 31.
Here are the ASX-listed companies with the biggest losses on Friday.Nine Entertainment (ASX:NEC): -5%, AU$0.95Nufarm (ASX:NUF): -4%, AU$3.14IGO (ASX:IGO): -4%, AU$8.10Pilbara Minerals (ASX:PLS): -3%, AU$5.03GrainCorp (ASX:GNC): -3%, AU$6.82Tamboran Resources (ASX:TBN): -3%, AU$0.28Xero (ASX:XRO): -3%, AU$78.56Elevra Lithium (ASX:ELV): -3%, AU$7.68Mineral Resources (ASX:MIN): -2%, AU$61.79Dyno Nobel (ASX:DNL): -2%, AU$3.81
Communication services stocks advanced nearly 1% at midday Wednesday.Telstra Group (ASX:TLS) gained 2% in recent trade after releasing the findings of an external expert investigation into its July mobile network outage, confirming the company's previous conclusion that the incident was triggered by a technical issue.On the flip side, the information technology sector struggled, shedding more than 3%.Xero (ASX:XRO) shares fell nearly 3% in recent trade.
Information technology stocks advanced nearly 5% at midday Friday.Xero (ASX:XRO) shares gained 8% in recent trade even after shareholders voted against the adoption of the company's remuneration report at its 2026 annual meeting on Thursday, delivering a "second strike" against executive compensation.Meanwhile, the consumer staples sector struggled, shedding more than 1%.Woolworths Group (ASX:WOW) shares fell past 1% in recent trade.
Xero (ASX:XRO) shareholders overwhelmingly voted against the adoption of the company's remuneration report at its 2026 annual meeting on Thursday, delivering a "second strike" against executive compensation, according to a same-day filing with the Australian bourse.The company said roughly 29.5% of votes were cast in favor of the remuneration report, while 70.5% were against it.Under Australian corporate law, a "second strike" occurs when 25% or more of shareholder votes are against the executive remuneration report at two consecutive annual general meetings.However, New Zealand-headquartered Xero added that the resolution is advisory in nature and does not bind the company or its board, nor does it have any other legal ramifications.Xero recently moved CEO Sukhinder Singh Cassidy's total target remuneration to the 50th percentile of the US peer group from the 25th percentile following a compensation review. It also reviewed the remuneration of CFO Claire Bramley, resulting in the executive's total target remuneration increasing to the market median.The company's shares fell 2% in recent Thursday trade.
Xero (ASX:XRO) moved CEO Sukhinder Singh Cassidy's total target remuneration to the 50th percentile of the US peer group from the 25th percentile following a compensation review, according to a Monday filing with the Australian bourse.The move results in a base salary of $640,000, with a long-term incentive target opportunity and long-term equity opportunity for fiscal 2027 of about $17.2 million in total, provided with restricted stock units to be granted this month.The target short-term incentive for each fiscal year remains at 100% of the base salary, per the filing.Additionally, the company's board introduced a minimum shareholding requirement comprising a multiple of annual base salary for key management personnel, including five times for its CEO and two times for the CFO, to be achieved within three years.Xero's board also reviewed the remuneration of CFO Claire Bramley, resulting in the executive's total target remuneration increasing to the market median, it said.The company said its fiscal 2027 guidance for revenue and adjusted earnings before interest, taxes, depreciation, and amortization remains unchanged.Xero shares gained 1% in recent Monday trade.
Here are the ASX-listed companies with the biggest gains on Friday.Block (ASX:XYZ): +6%, AU$117.98Seek (ASX:SEK): +5%, AU$14.65Xero (ASX:XRO): +6%, AU$81.50Wisetech Global (ASX:WTC): +5%, AU$43.18EchoIQ (ASX:EIQ): +4%, AU$1.66Southern Cross (ASX:SXE): +4%, AU$4.73Insurance Australia Group (ASX:IAG): +4%, AU$8.10SKS Technologies (ASX:SKS): +3%, AU$9.42SRG Global (ASX:SRG): +3%, AU$3.62Tasmea (ASX:TEA): +3%, AU$9.40
Information technology stocks advanced nearly 1% at midday Thursday.Xero (ASX:XRO) inched up in recent trade.Meanwhile, the real estate sector struggled, shedding more than 1%.Goodman Group (ASX:GMG) shares were down in recent trade.
Xero (ASX:XRO) has an average rating of buy and mean price target of AU$127.39, according to analysts polled by FactSet.
Information technology stocks jumped nearly 4% at midday Monday.Xero (ASX:XRO) gained 5% in recent trade.On the flip side, the energy sector struggled, shedding about 4%.Woodside Energy Group (ASX:WDS) shares were down almost 4% in recent trade even after the Western Australian government decision to grant "state significant project" status to the proposed Browse to North West Shelf gas project.
Energy stocks advanced 1% at midday Friday.Woodside Energy Group (ASX:WDS) gained more than 2% in recent trade despite failing to convince Western Australia's Supreme Court to force environmental activists to furnish documents related to the planning of a stench gas protest at the company's Perth office in 2023.Meanwhile, the information technology sector struggled, shedding more than 2%.Xero (ASX:XRO) shares fell past 2% in recent trade.
Materials stocks advanced nearly 2% at midday Thursday.BHP Group (ASX:BHP) gained almost 2% in recent trade.On the flip side, the information technology sector struggled, shedding nearly 3%.Xero (ASX:XRO) shares fell almost 4% in recent trade.
Information technology stocks advanced 1.3% at midday Tuesday.Xero (ASX:XRO) shares rose marginally in recent trade.Meanwhile, the healthcare sector struggled, shedding nearly 1.4%.CSL (ASX:CSL) shares fell past 1% in recent trade.
Energy stocks advanced 2% at midday Monday.Woodside Energy Group (ASX:WDS) gained nearly 2% in recent trade.On the flip side, the information technology sector struggled, shedding more than 1%.Xero (ASX:XRO) shares fell past 1% in recent trade.
Here are the ASX-listed companies with the biggest gains on Friday.Coles Group (ASX:COL): +3%, AU$23.31Xero (ASX:XRO): +3%, AU$71.17Woodside Energy Group (ASX:WDS): +3%, AU$30.27AMP (ASX:AMP): +3%, AU$1.95Amcor (ASX:AMC): +3%, AU$63.72Generation Development Group (ASX:GDG): +3%, AU$3.57Regis Healthcare (ASX:REG): +3%, AU$6.15GQG Partners (ASX:GQG): +3%, AU$1.41News Corp (ASX:NWS): +2%, AU$46.69Guzman y Gomez (ASX:GYG): +2%, AU$21.74
Xero (ASX:XRO) proposed to provide intra-group funding of up to NZ$450 million to Xero Trustee, its wholly-owned unit and trustee of the employee equity incentive schemes, to allow the unit to acquire fully-paid ordinary shares in the Xero on-market, according to a Wednesday Australian bourse filing.It seeks to satisfy the firmʼs obligations to deliver shares under the firm's existing employee equity incentive schemes. The firm had provided initial funding of up to NZ$250 million, bringing the total cap to NZ$700 million.The financial assistance arrangements arose in connection with the board's authorization to purchase shares in Xero on-market up to an amount equal to AU$550 million over fiscal 2027 to satisfy obligations under Xeroʼs employee equity incentive schemes.
Xero (ASX:XRO) has an average rating of buy and mean price target of AU$131.18, according to analysts polled by FactSet.
Xero (ASX:XRO) CEO Sukhinder Singh Cassidy sold all of her ordinary shares in the company for about AU$2.2 million to help manage personal tax obligations, according to a Monday filing with the Australian bourse.Cassidy sold all 29,608 shares at AU$74 each on July 7 but retained 171,381 restricted stock units and over 1 million unlisted options, per the filing.The company's shares fell about 4% in recent Monday trade.
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