Last week saw Coles report a result that met expectations, but the supermarket retailer’s outlook commentary was met with a tepid market response reflecting a challenging operating environment.
By contrast, Insignia Financial and Iluka Resources announced results that caught investors by surprise (positively!), with both companies well-placed moving into FY24.
With the end to the August reporting period fast approaching, inflation, labour shortages, weakness in China and the Ukraine war continue to weigh heavily. So where to now for Australian markets?