We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Shot across the bow

1 Nov 2021 By Antony Currie

Shareholders took $4.6 bln off Westpac’s market value after high costs and income pressure hurt its earnings. A stock buyback did little to soften the blow. The reaction is a warning to boss Peter King to up his turnaround game and prioritise profitability over market share.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)