The write-down on brands such as Just Jeans, Jay Jays and Portmans sent Myer to a full-year loss, with its shares slumping 26% yesterday.
The deal for the largest locally owned cybersecurity firm in Australasia will be a successful exit for Aussie PE firm BGH.
The ASX hit a record high and the dollar dipped after rates were cut to 3.6%.
The New Zealand business posted a small loss amid an ambitious roll-out of new stores.
Hrdlicka was due to start at Endeavour Group in January 2026, but is now believed to be working part-time as incoming chief executive.
Large companies would continue to pay existing rates of tax and also a new world first ‘cashflow tax’.
The Australian dollar fell, along with bond yields, while the ASX moved higher on the announcement.
The move could be a negotiating tool for Australia with the Trump administration.
The analysts see sectoral tailwinds, and says Chemist Warehouse is a ‘category killer’.
Analysts rate Qantas because of its international business and low-cost domestic operation.