Mirvac cuts earnings guidance as weather delays hit settlements
In his first market update, newly appointed CEO Campbell Hanan argued that earnings were not lost, but only delayed. Investors appeared to agree.
Source: afr.com
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Blackmores greenlights $1.8b Kirin takeover, Kogan remains profitable as sales soften and Megaport reveals higher EBITDA guidance
Shares in Australia’s largest health supplement group Blackmores (ASX: BKL) surged this week after it revealed Japan’s Kirin had made a $1.8 billion offer.
Source: smallcaps.com.au
Commercial property: Developer Mirvac downgrades earnings guidance
The country’s largest property developer Mirvac has downgraded its earnings guidance due to weather events and timing delays across its residential and industrial businesses.
Source: brisbanetimes.com.au