Sentences with phrase «profit downgrade»

What the hedge funds lost on Aconex they might have made up on Retail Food Group, as the sixth-most shorted stock on the Australian Securities Exchange fell 25 per cent on Tuesday on a profit downgrade.

Mr Mervis is under intense pressure to repair Murray Goulburn's tattered reputation after previous management delivered a stinging profit downgrade in April last year as it retrospectively slashed milk prices.

RFG, which operates more than 300 pizza stores under the Crust and Pizza Capers brands, issued a issued a horror profit downgrade on Tuesday.

He grilled Watkins on the reasons behind a surprise profit downgrade but claimed he was then cut off.

But a shock profit downgrade from Retail Food Group, and a bearish report on Domino's Pizza Enterprises, saw both stocks fall sharply this week and further dent sentiment towards Craveable.

The China downturn also contributed a damaging profit downgrade from Treasury Wine Estates as austerity measures imposed on government officials by President Xi Jinping dampened shopping.

The Australian Securities and Investments Commission is reported to be formally investigating the company while Slater & Gordon is exploring a potential investor class action around disclosure of its profit downgrade last month.

David Mallinson has been appointed interim chief executive and fielded analysts» questions after the profit downgrade.

The shares rose as high as $ 6.47 in mid-May 2013, before its troubles began with an oversupply of commercial wine in the United States, triggering heavy writedowns and a profit downgrade which claimed the scalp of former chief executive David Dearie.

Ailing wine group Treasury Wine Estates has announced a $ 40 million profit downgrade for 2013 - 2014 because of a substantial drop in wine sales volumes over the Christmas period.

BusinessDay has also learned that IMF first began to inquire into Treasury Wine Estates after its shock profit downgrade and write - off in July, picking up on market disquiet and investor rumblings through its contacts.

The new contract overshadowed a profit downgrade, with the group now expecting a pretax profit of between $ 195 - 200 million, down slightly from median analyst forecasts for a pretax profit of around $ 202.5 million for the year to June.

A third director has quit the board of Murray Goulburn following the dairy co-operative's profit downgrade and cut to the farm gate milk price.

That combined with persistently weak global dairy prices led to the profit downgrade.

«But a profit downgrade [at Murray Goulburn] is still a profit, and we're hopeful, the price will be maintained.»

Although chairman Philip Tracy said Ms Grant could not have «reasonably» expected the profit downgrade, considering she joined the board in March.

Investors are preparing for a substantial profit downgrade when Murray Goulburn emerges from its trading halt on Wednesday.

The cut comes a week after Australia's biggest milk processor and price setter Murray Goulburn reduced farmer payments from $ 5.60 to $ 4.75 - 5 a kilogram in the wake of a steep profit downgrade.

Dairy farmers fear a profit downgrade from Murray Goulburn will lead to widespread cuts to the price they are paid for their milk, even if they don't supply Australia's biggest processor.

The co-operative didn't give a reason for Ms Grant's departure, but Mr Tracy said she could not have «reasonably» expected the profit downgrade, considering she joined the board in March.

ASX newcomer Oliver's Real Food has made a stunning profit downgrade joining an unenviable group of companies disappointing investors in a debut year.

While QBE shares were still up slightly on Wednesday, the company has lost about $ 4.5 billion in market value since a shock profit downgrade in June.

On Monday the ASX - listed insurer reported it had suffered a full - year loss of $ US1.25 billion ($ 1.6 billion), widely expected after it issued a profit downgrade in January

On Monday, QBE reported it had suffered a full - year loss of $ US1.25 billion ($ 1.6 billion), widely expected after it issued a profit downgrade in January.

Shares in Alliance Aviation Services lost nearly half their value today after it announced a major profit downgrade following reduced work in Queensland, with the company now hoping to pick up extra work in Western Australia.

After a series of profit downgrades and the departure of Mr Cameron in 2016 the shares fell to 6.8 cents before the company went into administration last August.

By December 2013, the Sydney - headquartered company had racked up three profit downgrades in 18 months, at the same time as revealing that it would post a $ 250 million loss for the year on significant problems in its US operation.

Investors took heart from the turnaround in supermarkets but the forecast losses at Big W were much bigger than expected and are likely to lead to profit downgrades.

The Australian Shareholders» Association, which represents individual investors, says it is concerned about the profit downgrades so soon after the float.

Many of Goodman's shareholders paid $ 2 a share in its $ 2.1 billion initial public offer in 2005 and have become frustrated with the company after years of restructuring, asset write - downs and profit downgrades.

«We think the Wilmar bid appears opportunistic, especially given the recent profit downgrades have been driven largely by one - off factors we think are going to reverse,» Perpetual Investments fund manager Paul Skamvougeras told The Australian Financial Review after details of the 65 cents - a-share offer were disclosed on Monday.

Not exact matches

Emeco Holdings has reported a net loss of $ 21.6 million, down from a $ 28.5 million profit last year, following a series of downgrades and write - downs on the back of a slowdown in the mining sector.

Investors have punished local agribusiness Wellard for announcing another downgrade to its profit outlook, which could be as little as half of its original estimate.

* SMITH & NEPHOW: Smith & Nephew, Europe's biggest artificial hip and knee maker, downgraded its forecast for full - year underlying revenue growth and profit margin after some markets softened and it saw a slowdown in its bioactives business in the first quarter.

Shares in Smith & Nephew had their worst performance in close to 10 years, down 7 per cent after Europe's biggest artificial hip and knee maker downgraded its revenue and profit forecasts following a weak first quarter.

Rating Agency Standard & Poor's said on Tuesday that the required restatement of Toshiba's profit could lead to its credit rating being downgraded.

This vertical integration strategy is the centrepiece of work down by healthcare analyst at Evans & Partners Matt Prior, who this month warned clients of a looming profit outlook downgrade by Medibank.

The shares were trading around 68 cents in February but dropped as low as 47.5 cents earlier this month after the company downgraded 2014 profits by 15 per cent and foreshadowed further asset write downs.

Australian beef producers risk losing out on profits as a result of biased meat graders, encouraged by big corporations to downgrade carcases and reduce the amount processors pay out.

After Tuesday's disappointing 30 % profit drop, Carnival lost another 162p to # 20.96, while Tesco has lost 10.55 p to 363.45 p after JP Morgan downgraded from neutral to underweight:

In this interview with Ticky Fullerton, Roger discusses McGrath's recent profit forecast downgrade.

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Fitbit has seen its own share of turmoil in recent weeks after less - than - expected third - quarter revenue, along with a profit warning, led to several analysts downgrades last month.