AGL Energy has upped its earnings guidance for fiscal 2023 to a range of $1.3 billion–1.375 billion, from $1.25 billion–1.375 billion previously. With underlying profit also expected to a higher range of between $255 million–285 million, from a previous forecast of $200 million–280 million.
Elanor Investors gives an update on its transfer for ADIC mandate as part of its acquisition of CRE, a transaction valued at $3.4 billion in Australian and NZ property assets for the new price of $37.7 million.
Major food chain franchise owner Retail Food Group has posted that it will be appointing Matthew Marshall as Chief Executive Officer from 1 July. The group also said that its underlying EBITDA guidance is to remain between $26–29 million.
Australian Vintage has provided commentary on results in FY23 and the current trading environment, which it says has been impacted by adverse weather and inflationary challenges, and yet it says it performed to expectations and better than others within the industry.
Residential land developers Winton Land have said that there are still some challenges ahead, having struggled through 12 months of supply chain disruptions, unfavourable weather and COVID-19 restrictions. The market seems to have bottomed, and WTN’s guidance has lowered along with it.
Shares for HealthCo were rising as high as 4% by midday, the REIT having reported improvements in net gains across its portfolio since its last reporting period in December.