Tourism Holdings' shares rebound after profit downgrade

Tourism Holdings' shares rebound after profit downgrade
Jenny Ruth
Tourism Holdings' shares staged a remarkable recovery, ending Wednesday up 7.1 percent after shrugging off the company's earlier profit downgrade.The shares closed at $3.00 after earlier sinking as low as $2.50 from $2.80 on Tuesday.  The recovery was all the more remarkable because the $24 million annual net profit the company is forecasting, down from $27.9 million the previous year, is well below analysts' consensus forecasts for the year ending June of $27.6 million.Out of dateThat's until one realises those forecasts were out of date,...

More Services

Airwork on the block to repay $145m of bank debt
Law & Regulation

Airwork on the block to repay $145m of bank debt

Airwork has an outstanding intercompany loan of $35.83m, owes trade creditors $219,000.

Denise McNabb 11 Sep 2025
Risky Business: understanding NZ’s insurance sector
Services Editor’s note

Risky Business: understanding NZ’s insurance sector

BusinessDesk’s latest special project.

Victoria Young 11 Sep 2025
Assessing Spark's datacentre deal with PEP
Markets Analysis

Assessing Spark's datacentre deal with PEP

Could Spark be paying special dividends before the end of the decade?

Pattrick Smellie 13 Aug 2025
Food Chain report shows $9m owing
Services

Food Chain report shows $9m owing

More than $9.1m is owing in the liquidation of food supplier Food Chain, the first report in the insolvency shows. The company, which has ceased trading, had approximately 60 staff, and is also in receivership. The first liquidators' report of Adam Botterill and Damien Grant...

Staff reporters 11 Jul 2025