Myer Holdings Ltd (MYR.AX)
1 Dec 2016
Nov 18 Australian shares closed the week slightly higher, with Friday's session underpinned by gains in financial stocks in step with a strong rally on Wall Street after Federal Reserve Chair Janet Yellen's hawkish comments.
SYDNEY, Nov 18 Australian retail giant Myer Holdings Ltd on Friday said it expects a return to net profit growth in 2017, as it revamps its strategy in the face of fierce competition from e-commerce stores and global "fast fashion" chains.
SYDNEY, Nov 18 Myer Holdings Ltd, Australia's biggest up-market department store operator by sales, said on Friday it expects a return to net profit growth in 2017, sending its shares up as much as 10 percent.
* "Expect EBITDA growth to exceed sales growth from fy2017 and a return to NPAT growth"
SYDNEY/WELLINGTON, July 26 Australian shares tracked commodity prices and global markets lower on Tuesday, while New Zealand shares barely moved.