The major retailer recorded a slight rise in underlying profits, which were all but wiped out by a big write-down in its New Zealand business.
CEO Brad Banducci leaves the retail giant in a difficult spot. But the strategic decisions he’s made can drive the group’s turnaround.
The wagering giant has struggled to best its larger overseas rivals, and its new chief executive said it was obvious it would not meet cost reduction targets.
Brett Blundy has sold his shareholding in ASX-listed Accent, which is behind the Hype DC and Platypus chains, to London’s Frasers Group.
Andrew and Nicola Forrest will receive the windfall after Fortescue raised its dividend payout ratio at a time when it is cutting 700 jobs.