Shares in Computershare slid 4.8 per cent on Tuesday after the share registry company downgraded its full year 2024 margin income forecast, citing lower expected client cash balances.
The company has been among the biggest beneficiaries on the Australian sharemarket of central bank rate increases, because it earns interest on the cash it holds on behalf of listed corporate clients.
Loading...
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
