Markets Live, Monday 21 December, 2020
AGL issues profit warning By Lucy Battersby AGL shares have dropped 77¢ to a nine-year low of $12.45 this afternoon, a fall of 5.7 per cent, after the company lowered its profit forecast. It was now expecting underlying full year post-tax profit to be between $500 million and $580 million rather than between $560 million and $660 million. The profit downgrade was due to a fire at the Liddell Power Station in New South Wales last Friday. A fire started in the generator transformer of Unit 3 during an oil cooler filter replacement. The unit was unlikely to start working gain until March 202...