NZ's Briscoe Group marks best day in nearly 2 months on upbeat Q3 sales

Briscoe

03/11/2020 02:19

** Shares of retail chain Briscoe Group Ltd  BGP.NZ  rise as
much as 4% to NZ$4.20, its biggest intraday pct gain since Sept.
11
    ** Co reports a near 15% jump in sales growth for the third
quarter, primarily due to increased sales in homeware and
sporting goods  urn:newsml:reuters.com:*:nFWN2HO1EQ
    ** Co says its online business continues to show growth over
last year and for Q3
    ** Co adds that while the repayment of wage subsidy will
impact its H2 and FY results, its current trading momentum will
support a strong full-year result 
    ** About 36,950 shares change hands, compared with the
30-day average vol of 28,009 shares 
    ** As of last close, stock up 4.1% this year

 (Reporting by Shriya Ramakrishnan in Bengaluru)
 ((Shriya.Ramakrishnan@thomsonreuters.com;))