‘We were working on trying to trade our way out, but it became apparent that wasn’t going to happen,’ chair Grant Baker says.
UPDATE: Fletcher Building releases more information to ASX after trading halt warning of ‘material’ half-year earnings issue.
The new guidance comes weeks before its annual results.
Cost increases and margin reductions drive Synlait into the red.
Casino operator says its potential liability for ‘significant compliance issues’ is about $8m.
Accessibility of information – some of which has questionable quality – means portfolios are exposed to more frequent, larger swings in market expectations.
A report in The Australian prompts public riposte from company after profit warning on Monday.
Incoming CEO Andrew Irvine beat out internal candidates and a global executive search.
Network utility revises contentious scheme for regulated investment from 2025 to 2028.
After announcing $180m of provisions on legacy construction projects, Fletcher reassures analysts on debt covenants.
