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Tag: Smiths

Retail Asia26/10/2017
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Smiths City puts off capital return again

2min0
Smiths City Group has delayed a planned $5.7 million capital return to shareholders a second time as increasingly tight trading conditions prompted the retail chain to downgrade its first-half earnings outlook. Christchurch-based Smiths City won’t consider the capital return until 2018 as stiff competition and the need for more investment in its transformation programme led […]
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Retail Asia10/08/2017
Smiths-City.jpg
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Furniture retailer’s share buyback delayed

2min0
Smiths City Group shareholders won’t vote on a $5.7 million capital return at this month’s annual meeting as the retail chain operator works through outstanding regulatory matters. The Christchurch-based company had planned to put forward a planned share buyback to investors at the August 21 annual meeting, but will now have to hold a special […]
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