Listed Companies
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Retail
Warehouse transformation shows 'encouraging signs' with earnings upgrade - Forsyth Barr
By Paul McBeth July 26 (BusinessDesk) - Warehouse Group's efforts to revive flagging growth are showing "encouraging signs" after the retailer upgraded its earnings forecast, says research house Forsyth Barr. The retailer yesterday said better trading and gains from its tr...
Law & Regulation
Pursue individuals 'harshly' in cartel cases, ComCom told
By Gavin Evans July 26 (BusinessDesk) - The Commerce Commission should pursue cartel prosecutions against individuals “harshly” if it wants to achieve the greatest deterrence using new powers coming into effect in 2021, a visiting regulator says. Brent Snyder, previously he...
Markets
MARKET CLOSE: NZ shares resume march higher as A2 hits record; Gentrack sinks
By Paul McBeth July 25 (BusinessDesk) - New Zealand shares bounced back from yesterday's dip, as A2 Milk Co closed at a record with investors still upbeat about the milk marketing firm's outlook. Gentrack dropped to a six-week low after cutting its earnings guidance. The S...
UPDATE: Gentrack shares drop 12% on profit warning
(Recasts lede, updates share price and adds analyst comment from 5th paragraph) By Paul McBeth July 25 (BusinessDesk) - Gentrack shares dropped 12 percent after the company said it expects annual earnings will fall by as much as 13 percent due to delays in customer projects...
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