NZ's Warehouse Group tumbles as outlook pulled, dividend cancelled

Warehouse

25/03/2020 22:59

** Warehouse Group Ltd  WHS.NZ  drops as much as 18.8% to
NZ$1.64 after the consumer goods retailer flags hit due to the
coronavirus outbreak
    ** Withdraws its financial outlook for FY20 and cancels
interim dividend for first half of year  urn:newsml:reuters.com:*:nNZW3lsdkr
    ** Says all stores, distribution and online fulfilment
centres closed for four weeks, as per government's Level 4
COVID-19 approach
    ** Says not an essential service under Level 4 plan 
    ** More than 169,000 shares change hands, compared with
30-day average of 104,000 
    ** Stock down 28.1% this year, as of last close

 (Reporting by A K Pranav)
 ((Pranav.AK@thomsonreuters.com;))