Markets
The proxy adviser changed its recommendation on the eve of Humm Group’s extraordinary general meeting after the Takeovers Panel revealed more problematic activity.
CEO Thomas Beregi wanted to wrap things up by 1 May. With that timeline rapidly approaching, some market watchers are casting doubt on whether a deal will get done.
The star fund managers will not be escrowed in the biggest float on the ASX so far this year, which seeks to capitalise on a (faltering) revival for the yellow metal.
ASX earnings downgrades are piling up as rate hikes, war and weaker consumer spending squeeze margins, raising fears confession season will worsen by August.
Co-founder Mark Coulter is stepping into the role of executive chairman where he will be focused on international expansion and possible acquisitions.
