‘Consumers pulling back’: Autobarn owner Bapcor in $500m wipeout
Simon EvansSenior reporter
Bapcor’s shares plunged as much as 35 per cent after the company handed down another hefty profit downgrade and flagged write-downs.
More than $500 million in market value was wiped from Bapcor when a two-day trading halt was lifted on Thursday, concluding an extraordinary turn of events where CEO-elect Paul Dumbrell pulled the pin on the top job two days before he was due to start on May 1.
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