Analysts updated valuations as blue-chip profit reports gave insight into the economy, helping push shares 0.3 per cent higher on the Australian Securities Exchange.
It’s rare for a $17 billion firm like Brambles to surge on an earnings release. But it shows the benefits of being a critical link in the US supply chain.
Brambles (ASX: BXB) has announced it has scrapped its investment and will not participate in the transition to plastic pallets in Costco’s United States supply chain.