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
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