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Hallenstein shares fall as margin squeeze pushes annual earnings near bottom of guidance
By Paul McBeth Sept. 26 (BusinessDesk) - Shares in Hallenstein Glasson fell after the fourth-biggest listed retailer posted an 11 percent slide in annual earnings to near the bottom of its forecast range, as margins at the women’s wear Glasson unit came under pressure. Net prof...
Hallenstein annual profit falls 11 percent as Glasson margins come under pressure
By Paul McBeth Sept. 26 (BusinessDesk) - Hallenstein Glasson Holdings, the clothing chain, reported an 11 percent fall in annual profit, near the bottom of guidance, as margins at its women’s wear Glasson unit came under pressure. Net profit fell to $18.7 million, or 31.3 cent...
NZ dollar trades in narrow range as investors weigh US tapering, budget negotiations
By Tina Morrison Sept. 26 (BusinessDesk) – The New Zealand dollar edged up in a tight range as investors weigh the likelihood of Federal Reserve tapering and the outcome of looming US budget negotiations. The kiwi advanced to 82.46 US cents at 8am in Wellington from 82.27 cents...
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