By Sophie BootNew Zealand shares were mixed as Air New Zealand hit a two-year low in the face of increased competition, while Tegel Holdings and Fletcher Building climbed. Air New Zealand was the worst performer on the index, down 4.7 per cent to $1.715, and down 32 per cent this year. Xero fell 3.1 per cent to $17.60, a three-and-a-half month low, and has dropped 11.3 per cent in the last week. "Tegel has finally caught a bid despite quite a weak outcome for chicken prices in the food price index today," Goodson said. Outside the benchmark index, Scott Technology was unchanged at $2.10, and is up 41.9 per cent this year.

Source: New Zealand Herald October 13, 2016 05:03 UTC