Brian Gaynor: Companies must lift earnings performance
The NZX will run out of steam unless companies, particularly the larger ones, can take advantage of the stronger economy, writes Brian Gaynor.
The NZX will run out of steam unless companies, particularly the larger ones, can take advantage of the stronger economy, writes Brian Gaynor.
NZ shares were mixed yesterday as investors cast forward to next month's earnings season, and as regional markets mulled this week's Federal Reserve meeting.
Jewellery chain Michael Hill International expects first-half earnings to rise after reporting a 10 per cent lift in sales over the period.
Michael Hill International has become the latest NZX-listed retailer to flag difficult trading conditions in Australia.
A prospectus for the Mad Butcher's back door listing is expected to be out next week...
Michael Hill International lifted annual profit as recovering sales in New Zealand, Canada and the US made up for shrinking sales in Australia.
Weak earnings show Australia has not such a lucky country for NZ firms lately
Normalising profits to bury the bottom line shouldn't be the norm.
In an exclusive interview, the book and stationery chain's new owners tell Karyn Scherer about their plans for one of the best-known names in NZ retailing.
Expect dazzling performances as star violinists compete for Michael Hill title.