The Warehouse warns goodwill impairment highly likely in its financial services business due to expected losses

Thu, 24 Nov 2016

By Fiona Rotherham Nov. 25 (BusinessDesk) - The board of The Warehouse Group has told shareholders that an impairment of goodwill in its financial services business is “highly likely” after a weaker-than-expected first quarter trading in the new division. Chair Joan Withers, who stood for re-election at the annual meeting in Auckland today after being appointed in September, said the board was in the process of reviewing the outlook for financial services and an adjustment to its expected breakeven in 2018 was likely along with the impair...

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