![Utilico buys up Tourism Holdings stake](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Utilico buys up Tourism Holdings stake
Utilico Investments, a UK investor managed by Infratil director Duncan Saville's ICM, has bought a 7.1 per cent stake in Tourism Holdings.
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.
The Warehouse Group has reported a fall in operating margins at its Red Sheds and cut its interim dividend. A one-time gain lifted net profit by 3.3 per cent.
Equities on Wall Street and in Europe fell amid signs from China and Europe that the economic outlook is dimming.
Auckland International Airport has posted a 5.5 per cent increase in first-half profit on passenger growth and said full-year earnings would be "at the higher end" of its guidance.
Wall Street advanced overnight as a report indicated US consumers were more confident than anticipated.
Data showing a stronger-than-expected advance in pending US home sales last month has underpinned Wall Street at the start of the week.