Subscribe today - find out more
Why you should consider BusinessDesk

Turners shares tumble 7.4% on possible profit downgrade

Jenny Ruth
Tue, 27 Nov 2018

By Jenny Ruth Nov. 27 (BusinessDesk) - Shares in Turners Automotive Group fell as much as 7.4 percent after it warned market conditions have deteriorated markedly. Turners’ shares sank as much as 20 cents to $2.53, taking their year-to-date decline to 23 percent. Investors were reacting to the company’s comments that it had a bad October and that if such conditions persist, pre-tax annual profit could be 5-to-10 percent below previous guidance of $34-to-36 million. The company has just reported a 28 percent jump to $12.8 million in...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Technology
The Bose QC45 are simply great headphones
Henry Burrell | Sat, 04 Dec 2021

They’re feature-light compared to some rivals, but top-end noise cancellation and supreme comfort make these headphones a fine buy. 

On the Money
On the Money: Greg Foran's golden words, Colin Neal, Chris Meehan, and more
Rebecca Stevenson | Sat, 04 Dec 2021

OTM this week: the value of a broken-down old shopkeeper, Colin Neal's next Move, Chris Meehan's real meaning of long-term, and more. 

Opinion
Long live the broker, the broker is dead
Brian Gaynor | Sat, 04 Dec 2021

An increase in direct listings on the NZX is a welcome development, but they won’t gain any significant traction until brokers embrace them.

Sponsored
Creating a sustainable transport future today

TR Group assist businesses with the journey of de-carbonising heavy commercial fleet or the logistics around distributing products and services.

Sponsored
Statutory reform can deliver momentum to land transport decarbonisation

To met the government's ambitious net carbon zero target, New Zealanders need to reduce their reliance on cars.