Utilico Investments, a UK investor managed by Infratil director Duncan Saville's ICM, has bought a 7.1 per cent stake in Tourism Holdings.

The Warehouse seems to have fallen out of favour with consumers this week but maybe not investors.

Pumpkin Patch has posted a first half loss on costs to close its US and UK stores. The shares gained as it reported growth in sales.

Weak earnings show Australia has not such a lucky country for NZ firms lately

Data showing a stronger-than-expected advance in pending US home sales last month has underpinned Wall Street at the start of the week.