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Goodman Fielder 2013 earnings will fall on higher marketing spend, lower poultry sales

Goodman Fielder, the biggest food company in Australia and New Zealand, expects full-year normalised earnings to fall after it sold less poultry and spent more on marketing. Earnings from continuing and discontinued operations before significant items will be A$195 million to A$200 million in the year ending June 30, the Sydney-based company said in a statement. That’s less than the …

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Vital Healthcare flags rights issue next month, suspends distribution reinvestment plan

Vital Healthcare Property Trust, whose Canadian cornerstone investor is seeking to build its stake, is planning a rights issue next month and has suspended its distribution reinvestment plan for the third-quarter. The medical and healthcare property investor’s manager, Vital Healthcare Management, intends to undertake a pro-rata renounceable offer of new units in late July, it said in a statement, without …

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