News: Myer Holdings Ltd (MYR.AX)

MYR.AX on Australia Stock Exchange

27 Nov 2015
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$0.02 (+1.90%)
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Thu, Sep 3 2015

Australia shares near 2-year low as Myer plunge adds to economic woes

SYDNEY, Sept 3 Australian shares changed course and fell near a two-year low on Thursday as retail giant Myer slumped following a capital raising and volatile global markets kept investors on the sidelines.

UPDATE 1-Australia's Myer raises cash for new strategy after profit falls

* No final dividend declared (Adds details on strategy, CEO comments, share price)

Australia's Myer to raise cash, tweak strategy after profit falls

SYDNEY, Sept 1 Australia's Myer Holdings Ltd said on Tuesday it would raise money from shareholders to cut debt and invest in its department stores after posting a 21 percent fall in full-year profit.

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