Business
Woolworths, Endeavour grilled over capex – The Australian Financial Review
A demerger of the supermarket and the drinks group could deter ethical investor groups from backing an alcohol and gaming pure play.
If the demerger is approved by shareholders at a meeting on June 18, Endeavour is expected to accelerate buying new hotels, refurbishing existing hotels and upgrading its fleet of more than 12,000 poker machines.
Said Investors Mutual senior equity analyst Tim Wood: What were really looking to understand is the expansion likelihood of the hotels business.
We dont think that
-
Noosa News22 hours agoLaidley e-scooter death: Tragic new details after Summah Richards killed in freak accident
-
General23 hours agoMinjee Lee rallies after third-round meltdown to share fifth place at LA Championship
-
General17 hours agoUkraine says Russia has ramped up attacks despite ‘Easter truce’
-
General19 hours agoReason v magical climate thinking – voters have no choice