Investment plans from more than 70 per cent of ASX-listed companies have slipped 4 per cent this financial year as shareholder demands for better returns are placed ahead of the government’s plea for companies to invest in new equipment and projects and build on the economic recovery.
Ahead of official capital expenditure figures on Thursday and business credit growth figures on Friday, MST Marquee has analysed the results of more than 100 companies and their changes to spending plans for this financial year.
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Matthew Cranston was The Australian Financial Review’s United States correspondent.
Vesna Poljak was The Australian Financial Review’s companies editor.
