Stockland raises pressure on Australand

Stockland ramps up rhetoric against uncooperative $2.4bn takeover target Australand.

Australia's largest residential developer Stockland has raised the prospect of a guidance-beating full-year result as it ramps up the rhetoric against its uncooperative takeover target Australand.

Yesterday at its third-quarter earnings update Stockland again tightened its full-year earnings per share guidance to 6 per cent growth — at the top end of its previous range of 4 per cent to 6 per cent.


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