NZ's Hallenstein Glasson falls most in 3 months; sells 'Storm' stores

Hallenstein Glasson Holdings

16/03/2018 02:43

** Hallenstein Glasson Holdings Ltd  HLG.NZ  falls as much
as 4.2 pct to NZ$4.60, its lowest since March 9
    ** Stock posts biggest intraday pct fall since Dec 8
    ** Apparel retailer sells its loss-making Storm chain of
stores to Blackstar Holdings Ltd  urn:newsml:reuters.com:*:nFWN1QX153
    ** Storm contributed 3.5 pct of sales in the full-year but
was the only underperforming segment  urn:newsml:reuters.com:*:nNZW1W2Wjl
    ** Stock among top pct loser on New Zealand All Capital
index  .NZCI 
    ** Stock has risen 21.5 pct this year as of Thursday

 ((Reuters Messaging:
Devika.Syamnath.thomsonreuters.com@reuters.net))