Business
Domain on the prowl as low interest rates drive up listings – Sydney Morning Herald
Domain Holdings chief executive Jason Pellegrino says the real estate listings group is on the hunt for potential acquisitions to help drive growth as the company…
Mr Pellegrinos comments came amid growing industry speculation that Domain is about to make a $100 million strategic investment to diversify its revenue.
The boost in market listings wasnt enough to placate the market, which instead focused on the company flagging a significant rise in operating costs for the second half of fiscal 2021. Domain also deferred any dividend until its full-year results. Its shares, which hit record highs last month, closed the session 3 per cent weaker at $5.13.
The…
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