Major Australian banks were broadly weaker after Bank of New Zealand-parent National Australia Bank fell short of expectations.
‘It’s probably the tightest we’ve ever had to run something in the 13-odd-years I have been doing it,’ CEO Lucien Law says.
Analysts at Forsyth Barr see value in the infant formula marketer’s acquisition of the troubled milk processor’s prime asset.
Shareholder group says independent directors are not capable of handling negotiations on related party borrowing.
It comes as the company’s net debt jumped by 37% to close to $750 million.
‘You hunt today so you can eat tomorrow – that’s the right decision for creating long-term value,’ CEO of software provider to utilities and airport companies says.
John Strowger’s nod raises questions about board independence and conflicts of interest, as intricate personal and professional ties come under scrutiny.
More processing offshore has led to lower costs and higher capacity – and bigger growth aspirations, company tells shareholders.
The aged care provider is selling off assets to repay ASB Bank for its $23m loan facility, which expires in late January.
Analysts lower profit expectations for next three financial years.
