Transformation plans for its New Zealand operations are progressing slower than expected as high rebranding costs, a tough economy and high interest rates hit home.
The ASX drifted lower on the second day of trading in the new year after investors sold off technology stocks on Wall Street and reined in their bets on the scale of interest rate cuts in the US.
New chair appointed as Endeavour Group board shake-up continues proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.
Finance: ASX skids on fears interest rates will remain higher for longer | news com au — Australia s leading news site news.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news.com.au Daily Mail and Mail on Sunday newspapers.