Briscoe 1H profit beats expectations, bemoans Kathmandu take-up

Mon, 14 Sep 2015

By Suze Metherell Sept. 14 (BusinessDesk) - Briscoe Group, the retail chain mounting a hostile takeover of Kathmandu Holdings, lifted first-half profit 11 percent, meeting guidance on improved margins and revealing it has picked up just 2.3 percent of the 80.1 percent of Kathmandu shares it doesn't already own. Tax-paid profit rose to $20.5 million in the six months ended July 26, up from $18.5 million a year earlier, and in line with July's forecast of at least $20 million, the Auckland-based company said in a statement. Sales increased...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Xero’s US revolving door continues to spin
Jenny Ruth | Thu, 18 Aug 2022

Xero’s progress in Britain continues to be “more subdued than we’d like”, chief executive Steve Vamos told the annual shareholders’ meeting.

Artists could get resale royalties – but what about TradeMe?
Warren Feeney | Thu, 18 Aug 2022

Those in the art world are asking where TradeMe fits into the conversation as NZ starts to pay artists a percentage of the resale of their works.

Higher house prices not caused by build costs – Treasury
Brent Melville | Thu, 18 Aug 2022

Restricted land supply has been a prime driver of housing inflation, a new report says.

In uncertain times, bricks and mortar hold steady

Can real estate provide a hedge against high inflation? Scott McKenzie, CEO of PMG Funds, talks about why tangible assets can be defensive and how PMG’s latest investment offer will help make the fund more resilient.

Communication the barrier to ‘human firewall’ technology

Communication is the barrier to New Zealand adopting the global Zero Trust cybersecurity strategy, says a new survey.