Forsyth Barr’s Aaron Ibbotson says global markets have largely powered through on the basis that the Strait of Hormuz will reopen ‘one way or the other’, while mega tech firms cull jobs.
KFC, Pizza Hut, Taco Bell and Carl’s Jr brand owner benefits from diverse geographic spread.
Regulated networks and metering businesses boost group earnings.
Underlying profit was up 68% and reported profit jumped more than $260m.
Return to dividend following sale of ecommerce platform and positive first half.
The company had made a significant $60m loss last year.
Material or full sale? Firmer view expected in four weeks.
Shift to higher payouts deferred amid continuing uncertainty.
‘They may have won the battle, but not the war,’ union says.
Portfolio gains led the $304m profit as new owners look to execute new plan.