-- Electronic technology shares gained the most on New Zealand's Exchange, rising nearly 3% by midday Tuesday.
Shares of ikeGPS Group (NZE:IKE, ASX:IKE) rose almost 7% in recent trade.
On the flip side, the technology services sector struggled, shedding more than 14%.
Shares of Gentrack Group (NZE:GTK, ASX:GTK) fell past 30% in recent trade.
The company on Tuesday said it now expects fiscal year 2026 revenue of between NZ$229 million and NZ$238 million, lower than its previous guidance.
Universal Store Holdings' (ASX:UNI) group retail sales for the first 43 weeks of fiscal year 2026 grew 14% year-over-year, according to a Tuesday Australian bourse filing.The deterioration of CTC's wholesale channel continued in the fiscal second half, with the closure of third-party customer retail stores and reduced intercompany sales to the US. It said that the challenges in the wholesale channel are considered structural and unlikely to improve in the near term.The group plans to recognize an impairment of CTC's intangible assets of around AU$24 million based on a reassessment of their carrying value.This non-cash impairment charge is expected to be excluded from underlying earnings, per the filing.It forecast fiscal year 2026 sales of between AU$368 million and AU$375 million and underlying earnings before interest, taxes, and amortization of between AU$61.5 million and AU$64.5 million.Its shares fell 2% in recent trading on Tuesday.
Peel Mining (ASX:PEX) said the Supreme Court of New South Wales made orders that it convene a meeting of Peel shareholders to consider and vote on a scheme of arrangement under which Aeris Resources (ASX:AIS) plans to acquire the company, according to a Tuesday Australian bourse filing.The court also approved the distribution of an explanatory statement providing information about the scheme. The meeting will be held on June 15.Shares of Aeris Resources fell past 5% in recent trading on Tuesday, while Peel Mining's shares jumped almost 4%.
Kangqiao Service Group (HKG:2205) said a mainland court has taken enforcement measures against assets of its wholly owned subsidiary, Kangqiao Yueshenghuo Service, according to a Monday Hong Kong bourse filing.Shares of the property manager were down nearly 1% in Tuesday morning trade.The Intermediate People's Court of Zhengzhou City deducted bank balances and related interest of about 214.5 million yuan from the subsidiary and obtained enforcement proceeds of about 17,600 yuan.The court also seized four vehicles registered under the subsidiary, though the company said it does not have actual control over them.The enforcement follows a prior judgment holding the subsidiary liable for 473.7 million yuan under certain loan agreements, together with accrued interest.After completing enforcement actions and investigations, the court ruled to terminate the current enforcement procedure, while the creditor retains the right to pursue further repayment.The company said the measures are not expected to have a material adverse impact on its business operations, and it is seeking legal advice on the ruling.