Companies that can’t pass on higher cost punished
Investors have punished companies that proved vulnerable to rapidly rising raw material and other input costs, or unwilling to provide profit forecasts in the busiest week yet for full-year earnings.
Results from the likes of mining giant BHP, electronics chain JB Hi-Fi, poultry business Ingham Group, logistics company Brambles and drinks group Treasury Wine Estates underscored both the resilience of the economy and the market’s impatience with any sign of fragility.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Equity markets
Fetching latest articles