Australias largest cement group, Adelaide Brighton, has pulled its profit guidance for calendar 2020 because of the
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Australia’s largest cement group, Adelaide Brighton, has pulled its profit guidance for calendar 2020 because of the economic uncertainty resulting from the coronavirus but emphasized it has $450 million in cash and undrawn bank facilities.
Are there any positive or adverse consequences for the share price of Adelaide Brighton from the firm withdrawing their profit guidance? Explain what these consequences could be and why?
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Macroeconomics
ISBN: 978-1319120054
3rd Canadian edition
Authors: Paul Krugman, Robin Wells , Iris Au , Jack Parkinson
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