Shares in US building materials business James Hardie slumped 13.7 per cent on Tuesday after new chief executive Aaron Erter warned a downturn in new US home construction will reduce profit in 2023.
Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
