Coca-Cola, Estia Health succumb to virus

Elouise Fowler and Sue Mitchell

Mar 17, 2020 – 5.45pm

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As the coronavirus pandemic ricocheted through the Australian economy, prompting downgrades from Coca-Cola Amatil and retirement home operator Estia Health, a pick-up in demand from China sent Select Harvests' stock up 15 per cent.

The drinks company and retirement home operator join Virgin Australia, Flight Centre, Cochlear, and Ooh!Media in freezing their guidance as the virus sends global markets into a tailspin, threatens lives and wreaks havoc on supply chains.

Elouise Fowler is a journalist for The Australian Financial Review based in the Melbourne office.

Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years.