Foster’s Blames Exchange Rate on Disappointing First Half
Dear Client:Foster’s Group blamed “unfavorable exchange rate movements†on its disappointing first half results where the company lost $80 to $90 million in a trading update today. Chief Ian Johnston “reminded†investors of the poor exchange rate between the Aussie and US dollar and British pound. During a conference call, he said “...we do recognize … Continue reading "Foster’s Blames Exchange Rate on Disappointing First Half"
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