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Markets Live: Vocus plunges on second guidance downgrade

Patrick Commins and Myriam Robin
Updated

Key Points

  • Investors have dumped Vocus - down 27.8 per cent at the open - after it slashed its profit forecast.
  • New Zealand regulator rejects Fairfax/NZME merger on competition grounds
  • SQM Research's Louis Christopher says Australia's shouldn't fall from "propaganda" about falling house prices
  • Sell the banks, says Richard Coppleson
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And that's it for Markets Live today.

It has been a somewhat tough day in the Fairfax office so thanks for being patient with the paucity of posts and delays in publishing your comments.

We will see you all again tomorrow from 9am.

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    Original URL: https://www.afr.com/markets/markets-live-asx-tide-turns-20170502-gvxsy9