THE DISTILLERY: Lauding Leighton

Jotters give Leighton Holdings chairman Robert Humphris' AGM address a big tick, while some suggest the Australian dollar's above-parity run looks over.

Leighton Holdings chairman Robert Humphris left shareholders with a pretty good impression yesterday if the reaction from business commentators is anything to go by. The significance of reaffirming the company’s earnings guidance should not be underestimated, with the Leighton’s register tired of the negative surprises and the boardroom troubles. Humphris made good progress on both issues.

Fairfax’s Adele Ferguson says if Leighton pedals fast enough on the task of retrieving hundreds of millions from project underclaims from contract variations, it could meet the upper end of its reaffirmed guidance.

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