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.
