Endeavour Group Stock Stalls as Heavy Trading Puts Dan Murphy’s Owner Back on Watch
Endeavour Group closed unchanged at A$2.97 Tuesday after nearly 12 million shares traded, more than double its usual volume. The stock hovered near its 52-week low as investors weighed the company’s cost-cutting and retail reset plans. First-half underlying EBIT fell 5.4% to A$563 million, while statutory net profit dropped 17.1% to A$247 million. Interim dividend was cut to 10.8 cents a share.